Which cost estimation method may use time-and-motion studies to analyse the relationship between inputs and outputs in physical terms?
A)The account analysis method
B)The conference method
C)The industrial engineering method
D)The quantitative analysis method

Question

Quizplus · Accepted Answer

The industrial engineering method involves analyzing the processes and activities involved in a project or task, and measuring the time required for each step. This information is then used to determine the total labor hours required for the project, as well as the costs associated with materials, equipment, and overhead. Time-and-motion studies are a common tool used in the industrial engineering method to analyze the relationship between inputs and outputs in physical terms.

Which Cost Estimation Method May Use Time-And-Motion Studies to Analyse