Estimate cost is the process of developing an approximation of the monetary resources needed to complete project activities.

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Quizplus · Accepted Answer

Estimate cost is indeed the process of developing an approximation of the monetary resources needed to complete project activities. This is a key aspect of project cost management and enables project managers to create budgets, allocate resources, and monitor project costs throughout the project life cycle.

Estimate Cost Is the Process of Developing an Approximation of the Monetary