The First Step in Estimating or Predicting Costs Is

question 16

Multiple Choice

The first step in estimating or predicting costs is

• A) planning.
• B) control.
• C) cost measurement.
• D) mixing costs.

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Definitions:

Bridging

The process of building connections or finding compromise solutions between divergent points of view or conflictual situations.

Expanding the Pie

A strategy in negotiations aimed at increasing the resources available, making it possible for all parties to achieve more favorable outcomes.

Common Goal

A shared objective or outcome that all parties involved in a negotiation or project are trying to achieve.

Shared Result

An outcome of a collaborative effort that benefits all involved parties.