Certified Cost Professional Question No 14

Question No 14:

 Which of the following best describes the concept of total cost management:

A. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
C. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
D. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Answer: D