A Project Budget Estimate Which Is Developed with the Least

question 37

Multiple Choice

A project budget estimate which is developed with the least amount of knowledge is known as a _____.

• A) rough order of magnitude ROM) estimate
• B) scope of work
• C) conceptual estimate
• D) line estimate
• E) milestone schedule

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Definitions:

Peer Economy

An economic system that relies on the sharing or exchange of goods, services, or information among individuals or groups, often facilitated by internet platforms.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.

Technical Knowledge

The understanding and expertise related to specific fields of technology, engineering, or any specialized practical domain.

Media House

An organization that produces and distributes content through various media channels, such as television, radio, newspapers, and the internet.