Go back to CCE-CCC - Certified Cost Consultant / Cost Engineer (AACE International)

Question :-

Which of the following best describes the concept of total cost management:
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
The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

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