The Process of Forecasting or Approximating the Time and Cost

question 101

Multiple Choice

The process of forecasting or approximating the time and cost of completing project deliverables is called

• A)Budgeting.
• B)Predicting.
• C)Estimating.
• D)Planning.
• E)Guesstimating.

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Definitions:

Patent

A legal document granting an inventor exclusive rights to produce, sell, and use an invention for a certain period of time.

Collective Marks

Trademarks or service marks used by members of a cooperative, association, or other collective group to indicate membership.

Trade Secrets

Information that is not known to the public, confers some sort of economic benefit on its holder, and is the subject of efforts to maintain its secrecy.

Reasonable Precautions

Measures taken that are sensible and prudent under the circumstances to prevent harm.