The Estimation Phases of Project Progress, in Decreasing Order, Are

question 53

Multiple Choice

The estimation phases of project progress, in decreasing order, are:

• A)definitive estimates, order of magnitude estimates, and budgetary estimates.
• B)budgetary estimates, order of magnitude estimates, and definitive estimates.
• C)order of magnitude estimates, budgetary estimates, and definitive estimates.
• D)order of magnitude estimates, definitive estimates, and budgetary estimates.

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Definitions:

Not to Commit Waste

A principle obligating a party to avoid causing damage or destruction to property.

Quiet Possession

The right of a tenant or property owner to use and enjoy their property without interference.

Acceleration Clause

A provision in a loan or mortgage agreement allowing the lender to demand payment of the entire loan balance under certain conditions.

Maintenance and Improvement

Activities focused on preserving a property's condition and implementing changes or enhancements to raise its value.