Which of the following is true of a rough order of magnitude estimate?
A)It is used to allocate money into an organization's budget.
B)It provides an estimate of what a project will cost.
C)Its timeframe is always less than a year prior to project completion.
D)It is a type of estimate that is done in the final stages of a project.

Question

Which of the following is true of a rough order of magnitude estimate?
A)It is used to allocate money into an organization's budget. 
B)It provides an estimate of what a project will cost. 
C)Its timeframe is always less than a year prior to project completion. 
D)It is a type of estimate that is done in the final stages of a project.

Quizplus · Accepted Answer

A rough order of magnitude (ROM) estimate provides an estimate of what a project will cost. This type of estimate is done very early in a project or even before a project is officially started.

Which of the Following Is True of a Rough Order