Which cost estimation method may use time-and-motion studies to analyze the relationship between inputs and outputs in physical terms?
A)the account analysis method
B)the conference method
C)the industrial engineering method
D)the quantitative analysis method

Question

Quizplus · Accepted Answer

The industrial engineering method involves using time-and-motion studies to analyze the relationship between inputs and outputs in physical terms, which can help estimate costs. The account analysis method looks at historical data and trends, the conference method involves gathering experts to provide input, and the quantitative analysis method uses mathematical models to estimate costs. However, none of these methods specifically involve time-and-motion studies to the same extent as the industrial engineering method.

Which Cost Estimation Method May Use Time-And-Motion Studies to Analyze