A Cost Estimation Tool Which Involves Estimating Individual Work Items

question 36

Multiple Choice

A cost estimation tool which involves estimating individual work items or activities and summing them to get a project total is known as a(n) _____ estimate.

• A)budgetary
• B)parametric  
• C)bottom-up
• D)analogous

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Definitions:

Air-Conditioning System

A mechanism designed for controlling the temperature, humidity, and purity of air in an enclosed space.

Building Materials

The various items and substances used in the construction and repair of buildings and structures.

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A specific size of agricultural land, equivalent to approximately 56.7 hectares, used for farming activities.

Trade Fixtures

Items installed by a tenant in a leased space for business purposes that can be removed at the end of the lease.