Q345
Costs that are planned in future and has not been incurred are known as
A.
designed-in costs
AnswerB.
locked-in costs
C.
value added cost
D.
both a and b
Answer: Option A
Solution
Answer: Option A
Solution:
Costs that are planned in future and has not been incurred are known as designed-in costs. Design to cost is the process of reducing cost in the requirements and design phase of a project.