The process of developing an approximation of the cost of the monetary 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 of developing an approximation of the cost of the monetary resources needed to complete project activities is known as estimating costs. Capital budgeting involves the evaluation and selection of long-term investment projects, while estimate resources and activity resourcing are related to identifying and allocating the necessary resources for project activities.

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