Which one of the following statements best defines an estimate?
a. An approximation of project time and cost targets, refined throughout the project life
cycle.
b. A prediction of a future condition or event based on information or knowledge available now.
c. The value of useful work done at any given point in a project to give a measure of progress.
d. A situation that affects or influences the outcome of the project expressed in time or cost terms.
a. An approximation of project time and cost targets, refined throughout the project life
cycle.
b. A prediction of a future condition or event based on information or knowledge available now.
c. The value of useful work done at any given point in a project to give a measure of progress.
d. A situation that affects or influences the outcome of the project expressed in time or cost terms.