Which process involves developing an approximation of the costs of resources needed to complete a project?
A) determining the budget
B) finalising the cost baseline
C) controlling costs
D) estimating costs

Question

Quizplus · Accepted Answer

Estimating costs involves developing an approximation or estimate of the costs of the resources needed to complete a project. The main outputs of the cost estimating process are activity cost estimates, basis of estimates, and project documents updates.

Which Process Involves Developing an Approximation of the Costs of Resources