You are in the process of developing an approximation of the costs of the resour
ID: 356602 • Letter: Y
Question
You are in the process of developing an approximation of the costs of the resources needed to complete each schedule activity. All of the following are tools/ techniques you can use in this process EXCEPT:
Question options:
Cost aggregation
Analogous estimation, bottom-up estimation, parametric estimation
Determine resource cost rate, Cost of quality
Vendor bid analysis, reserve analysis
1)Cost aggregation
2)Analogous estimation, bottom-up estimation, parametric estimation
3)Determine resource cost rate, Cost of quality
4)Vendor bid analysis, reserve analysis
Explanation / Answer
The correct answer is option 1. Cost aggregation. Cost aggregation is simply summing the costs for each work package to the control account up to the project level but not a tool/technique to develop an approximation of the costs.
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