Reasons Why Estimating Time and Cost Are Important Include All

question 87

Multiple Choice

Reasons why estimating time and cost are important include all of the following EXCEPT

• A) to schedule work.
• B) to determine how long the project should take and cost.
• C) to develop cash flow needs.
• D) to determine how well the project is progressing.
• E) to help establish a project selection process.

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Definitions:

Unused Capacity

The available production or service facility that is not currently being used to its full potential.

Estimated Activity

A forecast of the level of operations or engagement in a particular task or project.

Capacity

The maximum output a system can produce over a given period of time. It's crucial for planning and efficiency improvement.

Machine-Hours

A measure of production time or capacity based on the number of hours machines are in operation.