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

The cost baseline is developed during which process?Develop scheduleDetermine budgetEstimate costsMonitor & control project work

Cost budgeting can be best described by which of the following?1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation thatcould occur during the project2. The process of assembling and predicting costs of a project over its life cycle3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the projectcan be measured and managed4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis

A technique that iterates the project schedule many times to calculate a distribution of possible project completion dates is:2 MarksMonte Carlo AnalysisMontford analysisPareto Cost chartDeming Analysis

Which of the following provides a sequenced plan that estimates the time required to complete project activities and tasks?Project planProject scheduleCommunication planResource plan

The time necessary to complete a project is referred to as:a.Life cycleb.Production cyclec.Operations cycled.Implementation time