When a firm has professional cost estimators,what is their main responsibility?
A)Coordinate with the client to develop an acceptable cost estimate
B)Work with senior management to keep costs in line
C)Develop costs that maximize profits
D)Reduce the level of uncertainty in cost estimates

Question

Quizplus · Accepted Answer

The main responsibility of professional cost estimators is to reduce the level of uncertainty in cost estimates. They use their expertise to analyze data and produce accurate cost estimates for different aspects of a project. By reducing uncertainty, they can help the organization to avoid cost overruns and make informed decisions about resource allocation. While they may work with senior management and coordinate with clients, their primary focus is on developing reliable and accurate cost estimates. Maximizing profits may be a consideration, but it is not their main responsibility.

When a Firm Has Professional Cost Estimators,what Is Their Main