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Asked by Helmut Andres Florencia Roldan on Jun 25, 2024

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The conceptual estimate is developed with the least amount of knowledge. When more information is known, the project team can develop a _____.

A) work breakdown structure
B) critical estimate
C) rough order of magnitude ROM) estimate
D) scope of work
E) ballpark estimate

Conceptual Estimate

An early cost estimate based on basic project information and expert knowledge, used to assess project feasibility.

Work Breakdown Structure

A hierarchical decomposition of a project into smaller components or tasks, facilitating easier management and execution.

Critical Estimate

An essential appraisal or calculation, often concerning a project’s time, cost, or resources, that significantly impacts planning and decision-making.

  • Identify the critical steps and relevance in setting the boundaries, schedule, and budget forecasts for a project.
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AP
Adison Ph??ngJun 30, 2024
Final Answer :
C
Explanation :
As more information becomes available, the project team can develop a rough order of magnitude (ROM) estimate, which provides a higher level of accuracy than a conceptual estimate but still allows for some flexibility as detailed information may not yet be available. The other options listed are more specific and detailed estimates that would be developed later in the project planning process.

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