In the current state of your project, estimates are in the range of -20 and +30 percent. Which of the following correctly indicates the estimate range?

Options
- Conceptual estimate
- Preliminary estimate
- Order of magnitude estimate
- Definitive estimate

CORRECT ANSWER : Preliminary estimate

Discussion Board
Explanation-

The range of preliminary estimate is -20% to +30%.
The order of magnitude estimate is also called as planning or feasibility estimate and the range of it is -50% to +100%.
Hence, the answer is preliminary estimate not order of magnitude.

Sapna Ambadkar 03-20-2017 08:03 AM

cost estimation

why is it preliminary estimate and why not order of magnitude

sekar arputhasamy 08-3-2014 05:59 AM

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