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

---

Definitions:

Hybrid Structure

An organizational framework that combines elements of both functional and divisional structures, allowing for flexibility and more focused specialization.

Matrix Structure

A hybrid organizational structure that merges at least two different structural types, often integrating functional and product-oriented frameworks.

Divisional Structure

constitutes an organizational framework where divisions are established based on products, services, market geography, or customer types and operate semi-autonomously with their own resources.

Matrix Structure

is an organizational layout that assigns employees to projects and functional areas simultaneously, allowing for more dynamic and flexible team composition.