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.

Question

Quizplus · Accepted Answer

Order of magnitude estimates are the least precise and are used in the early stages of a project. Budgetary estimates are more precise and used for budgeting purposes. Definitive estimates are the most precise and are used in the later stages of a project.

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