Which of the following statements regarding budget methods and evaluation is correct? a.) Analogous estimating is used as a quick start for the budget estimating process. b.) The actual budgeting method typically includes overhead costs for a project. c.) Reserve estimating is the final cost value for completing the project. d.) The roll-up method ensures project overages can be managed. . (

The correct statement is: a.) Analogous estimating is used as a quick start for the budget estimating process. Explanation: • Analogous estimating uses historical data from similar projects as a basis for cost estimation, making it a quick, top‐down method for generating early budgets. • Statement b is misleading because when budgeting, overhead costs might be included as part of the indirect costs, but “actual budgeting method” isn't a commonly defined term that specifically includes overhead. • Statement c is incorrect because reserve estimating includes contingency allowances for risks and uncertainties; it is not the final cost value but rather an adjustment to account for possible cost overruns. • Statement d is incorrect since the roll-up method (aggregating costs from lower-level components) does not inherently manage project overages. Thus, option (a) is correct.