Which of the following statements are true about cost estimating (circle all that are true) :
A) the expert opinion method is the same as the cost engineering method
B) the analogy method requires that a similar project or work task was done previously
C) the parametric method is an estimate based on a mathematical formula
D) the analogy method can take into account differences between projects
Correct Answer:
Verified
Q6: The estimate providing the best accuracy for
Q7: A contingency amount can be (circle one):
A)
Q8: Which of the following are potential ways
Q9: The project planning and estimating process (circle
Q10: Life cycle costs (circle all that are
Q12: Statement: Cost escalation always results in the
Q13: Statement: Generally the amount needed in the
Q14: Statement: If a cost estimate comes up
Q15: Statement: When we speak of recurring costs,
Q16: Statement: Life cycle costs are the same
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