Cost estimating can be best described by which of the following:A.The process of developin
Cost estimating can be best described by which of the following:
A.The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project
B.The process of assembling and predicting costs of a project over its life cycle
C.The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed
D.The process of gathering, accumulating, analyzing, monitoring, reporting, and managing the costs on an on-going basis