Estimating cost can be best described by which of the following ______.
A. the process of developing the future trend along with the assessment of
probabilities, uncertainties, and inflation that could occur during the
project
B. the process of assembling and predicting costs of a project over its life
cycle
C. the process of establishing budgets, standards, and a monitoring system
by which the investment cost of the project can be measured and managed
D. the process of gathering, accumulating, analyzing, monitoring, reporting,
and managing the costs on an on-going basis