Companies Are Using Which of the Following for Improving the Estimating

question 60

Multiple Choice

Companies are using which of the following for improving the estimating process for future projects?

• A) Adjusting estimates based on individual forecasting abilities
• B) Benchmarking and using the experience of other companies
• C) Using time and motion studies
• D) Creating historical databases of previous projects
• E) Establishing an estimating training course for all employees

---

Definitions:

Internal Affairs

A division within a police department or other organization that investigates incidents involving its own members, ensuring operational integrity.

Honesty

The quality of being fair, truthful, and sincere in one's actions, statements, and relationships.

Democracy

A form of government in which power rests in the hands of the people, typically exercised through elected representatives.

Local Union

A branch of a larger labor union representing workers in a specific geographic area or at a single company, focusing on local labor issues.