Asked by eliza mooradian on Apr 24, 2024
Verified
Rough order of magnitude ROM) is established prior to developing a ballpark estimate.
Rough Order of Magnitude
An early estimate that gives a general sense of a project's size, cost, or duration, often with wide variances.
Ballpark Estimate
A rough approximation or preliminary calculation of cost or value, not intended to be exact but giving a general idea.
- Apprehend the singular qualities of projects along with the methodologies of project management.
Verified Answer
VA
Virginia AguilarMay 02, 2024
Final Answer :
False
Explanation :
A rough order of magnitude (ROM) estimate is actually considered a type of ballpark estimate, typically provided early in a project's lifecycle to give a preliminary, broad assessment of its cost.
Learning Objectives
- Apprehend the singular qualities of projects along with the methodologies of project management.
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