Computer · Construction Planning and Management
In the context of a detailed cost estimate within project management, how are direct and indirect costs related to the estimate?
- 1Detailed cost estimates exclude indirect costs and only focus on direct costs to ensure accuracy.
- 2Indirect costs are estimated separately from direct costs and are not included in the detailed cost estimate to avoid complexity.
- 3Direct costs are included in detailed estimates, while indirect costs are calculated separately and added as a lump sum at the end of the estimate.
- 4Detailed cost estimates include both direct and indirect costs, itemizing each to provide a comprehensive view of total project expenses.✓
Correct answer
Detailed cost estimates include both direct and indirect costs, itemizing each to provide a comprehensive view of total project expenses.
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