Engineering cost analysis
A) measures cost behaviour according to what cost should be.
B) measures cost behaviour according to what costs have been.
C) involves very little cost to perform.
D) is accurate and timely.

Question

Quizplus · Accepted Answer

Engineering cost analysis is typically used to measure cost behaviour according to what costs should be, such as predicting costs for future projects or evaluating the costs of alternatives. It is therefore forward-looking and involves making assumptions about future costs based on historical data and other factors. While it may require some cost to perform, it is an important tool for engineers and project managers to ensure that projects are completed within budget and with desired outcomes.

Engineering Cost Analysis