Question

Reasons why estimating time and cost are important include all of the following EXCEPT:_________
A) To schedule work.
B) To determine how long the project should take and cost.
C) To develop cash flow needs.
D) To determine how well the project is progressing.
E) To help establish a project selection process.

Answer 1

Answer:

E) To help establish a project selection process.

Explanation: Estimating the time and cost of a project or a business activity is very important as it will to schedule the work, determine the financial requirements of a project,to determine how well the project is performing or progressing etc.

Time and cost of a project are very important to an organisation as they are part of the factors to be analysed and put into consideration when carry or choosing a project.