The conceptual estimate is developed with the least amount of knowledge. When more information is known, the project team can develop a _____.
A) work breakdown structure
B) critical estimate
C) rough order of magnitude ROM) estimate
D) scope of work
E) ballpark estimate

Question

Quizplus · Accepted Answer

As more information becomes available, the project team can develop a rough order of magnitude (ROM) estimate, which provides a higher level of accuracy than a conceptual estimate but still allows for some flexibility as detailed information may not yet be available. The other options listed are more specific and detailed estimates that would be developed later in the project planning process.

The Conceptual Estimate Is Developed with the Least Amount of Knowledge