Which of these is a correct definition of an Estimate?
A.
The use of a range of tools and techniques to produce forecasts of the probable time or cost of completing work
B.
An educated guess that improves over time
C.
A forecast of the probable time or cost of completing work
D.
An estimate is an approximation of project time and cost targets that forms the basis of the contract
Correct Answer: B
Explanation not available for this question.