An engineering cost analysis is often not timely in measuring the cost function.

Question

Quizplus · Accepted Answer

Engineering cost analysis involves the estimation, computation, and prediction of cost for a system or process. However, it may not always be timely in measuring the cost function, as various factors such as unexpected events, changes in technology or market conditions, and fluctuations in labor and material costs can impact the cost function over time. Therefore, the cost analysis may not always provide accurate and up-to-date information on the actual cost of a project or system.

An Engineering Cost Analysis Is Often Not Timely in Measuring