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Phase Estimating Is Used When a Project Cannot Be Rigorously

question 3

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Phase estimating is used when a project cannot be rigorously defined because of the uncertainty of design or the final product.


Definitions:

Reed Bank

A submerged reef in the South China Sea, known for its disputed territorial claims and rich natural resources.

Repossession

The process by which a creditor takes back property or goods from the borrower due to failure to make scheduled payments.

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

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