Once most of the design work is complete, at a point when the scope and capabilities of the project are quite well understood, a __________ may be developed.
A) definitive estimate
B) comparative estimate
C) a parametric estimate
D) a non-parametric estimate

Question

Quizplus · Accepted Answer

A definitive estimate is the most accurate estimate that can be developed for a project, and it is typically created once the scope and requirements of the project are well-defined, and the design work is complete. This estimate is based on detailed information about the project, including specific quantities of labor, materials, and equipment needed to complete the project. Therefore, it is the best choice for this scenario. The other options, comparative estimate, parametric estimate, and non-parametric estimate, are not typically used for creating a final estimate for a project.

Once Most of the Design Work Is Complete, at a Point