Which of the following goals of an estimate focuses on ensuring all aspects of a project are considered?

Study for the Construction Cost Estimation and Bid Package Management exam in civil engineering. Prepare with quizzes featuring multiple choice questions. Gain a deeper understanding of construction cost estimation and bid package management to excel in your exam!

The goal of completeness in an estimate is crucial because it emphasizes the need to account for every element involved in a project. An accurate estimate must encompass all direct and indirect costs associated with a project, not just the obvious expenditures. This comprehensiveness ensures that no essential components, such as labor, materials, overhead, or contingency costs, are overlooked.

When an estimate is thorough, it allows project managers and stakeholders to make informed decisions, allocate resources appropriately, and foresee potential risks. Completeness in an estimate lays the foundation for a project's overall financial health and success, as it leads to more reliable budgeting, better planning, and ultimately impacts the project timeline and delivery.

Other goals, while important in their own right—such as profit potential, which focuses on maximizing the financial benefits of the project; accuracy, which ensures that figures are precise and reflective of actual costs; and efficiency, emphasizing the best use of time and resources—do not directly address the need to consider every aspect of the project. Completeness specifically targets the broad scope required for a successful estimation process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy