Which of the following is not a step in the typical cost estimation process?
A) Determine the cost drivers.
B) Determine the time required for building the model.
C) Select and employ the estimation method.
D) Graph the data.

Question

Quizplus · Accepted Answer

The time required for building the model is not a step in the typical cost estimation process. The steps include determining the cost drivers, selecting and employing the estimation method, collecting and analyzing data, and finally, presenting the results in a clear and concise manner. Graphing the data may be a part of the data analysis step but is not mandatory for every cost estimation process.

Which of the Following Is Not a Step in the Typical