A Good Starting Point for Developing Time and Cost Estimates

question 75

Multiple Choice

A good starting point for developing time and cost estimates is

• A) past experience.
• B) work packages.
• C) task analysis.
• D) time and motion studies.
• E) work breakdown structure.

---

Definitions:

Labor Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to supply.

Labor Unions

Organizations formed by workers to protect their rights and interests, often negotiating wages, benefits, and working conditions with employers.

American Workers

Individuals in the United States actively engaged in the labor market, either employed or seeking employment.

American Federation

A large organization, often used in the context of labor unions, that consists of smaller groups or unions within a specific country, such as the American Federation of Labor.