Question

1. Which of the following is a cost estimating relationship?
A. Mathematical equations based upon regression analysis
B. Cost-quantity relationships
C. Cost-Cost relationships
D. All of the above
2. Which of the following standard project estimating techniques is usually accomplished in weeks?
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
3. Pricing out the construction cost of a home by a cost per square foot would be representative of a _____ estimate.
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
4. When a functional manager tells you that your project is 10% more difficult than the standard project, the functional manager is providing you with a _____ estimate.
A. Parametric
B. Analogy
C. Engineering
D. Grassroots
5. Which of the following projects would most likely have reasonably good estimating techniques?
A. Construction
B. R & D
C. Software development

Answer 1

Answer:(a) The correct answer is (D) All of the above

b) : The correct answer is option (B). (c) : The correct answer is option (A). (d) : The correct answer is option (B) (e) : The correct answer is option (C)

Explanation:

Cost Estimating Relationship or “CER” means a mathematical expression of varying degrees of complexity expressing cost as a function of one or more variables.

The relationship may utilize cost-to-cost variables, such as quality assurance hours to manufacturing hours, cost-to-non-cost variables, such as engineering hours to the number of engineering drawings, or non-cost to non-cost, such as pounds of thrust to weight.

Variables can be referred to as, numerator and denominator, dependent and independent, or pool and base.