Which type of project cost estimate is the most accurate?a.Order of magnitudeb.Preliminaryc.Conceptuald.Definitive
Question
Which type of project cost estimate is the most accurate?a.Order of magnitudeb.Preliminaryc.Conceptuald.Definitive
Solution
The most accurate type of project cost estimate is d. Definitive. This type of estimate is usually performed when all the project details are clear and well-defined. It provides the highest level of accuracy, often with a range of -5% to +10% variance.
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