Question

For cost estimating _________ serves as an important framework for organized collection project cost data and preparing the cost estimates at different levels.

(a) WCS

(b) WPS

(c) WMS

(d) WBS

This question was addressed to me in an interview for internship.

This interesting question is from Office, Shop Building topic in division Methods of Building Estimate & Estimate of Building of Civil Engineering Drawing

Answer 1

The correct answer is (d) WBS

The best explanation: For cost estimating, work breakdown structure (WBS) serves as an important framework for organized collection project cost data and preparing the cost estimates at different levels. It is a technique that involves the hierarchical breakdown of the project into different work elements at successive levels and defines the interrelationships between them.