Asked by Haley Smith on Jun 04, 2024
Verified
Estimates in the earliest stages of project selection are usually made using estimates based from previous projects that can be _____-multiplied by an adjustment factor to make the new estimate proportional to the original.
A) aggregated
B) subtotaled
C) scaled
D) predefined
E) rolled up
Adjustment Factor
A multiplier used to alter or refine estimates, budgets, or values, accounting for unforeseen factors or conditions.
Aggregated
Combined from several elements into a single whole or summary.
- Differentiate between various cost estimating methods and their application in project selection and planning.
Verified Answer
HH
Hussain Hamed
Jun 08, 2024
Final Answer :
C
Explanation :
The term "scaled" best fits the description of adjusting a previous estimate to fit a new project by multiplying it with an adjustment factor. "Aggregated" and "subtotaled" imply adding up individual estimates, "predefined" suggests using set values rather than adjusting, and "rolled up" refers to summarizing multiple estimates into a single total.
Learning Objectives
- Differentiate between various cost estimating methods and their application in project selection and planning.
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