The process of developing an approximation of the cost of the resources needed to complete project activities is known as:
A) capital budgeting.
B) estimate resources.
C) estimate cost.
D) activity resourcing.

Question

Quizplus · Accepted Answer

The process described is specific to estimating the cost of project resources. Capital budgeting refers to long-term budget planning for assets and investments, estimate resources focuses on identifying necessary resources, and activity resourcing describes the allocation of available resources to specific project tasks.

The Process of Developing an Approximation of the Cost of the Resources