____ involves developing an approximation or estimate of the costs of the resources needed to complete a project.
A)Determining the budget
B)Consolidation of costs
C)Controlling costs
D)Estimating costs

Question

Quizplus · Accepted Answer

Estimating costs is the process of developing an approximation or estimate of the costs of the resources needed to complete a project. This includes estimating the costs of labor, materials, equipment, and any other resources necessary for the project. The estimates are often refined and updated throughout the project as more information becomes available.

____ Involves Developing an Approximation or Estimate of the Costs