A preliminary or rough cost estimate is developed in the _____ phase of the project life cycle, and an overview of the work involved is created.
A)implementation
B)acquisition
C)concept
D)close-out

Question

A preliminary or rough cost estimate is developed in the _____ phase of the project life cycle, and an overview of the work involved is created.
A)implementation
B)acquisition  
C)concept
D)close-out

Quizplus · Accepted Answer

In the concept phase of a project, managers usually develop some type of business case, which describes the need for the project and basic underlying concepts. A preliminary or rough cost estimate is developed in this first phase, and an overview of the required work is created.

A Preliminary or Rough Cost Estimate Is Developed in the _____