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Which type of project cost estimate is the most accurate?a.Order of magnitudeb.Preliminaryc.Conceptuald.Definitive

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Solution 1

Break Down the Problem

  1. Identify the types of project cost estimates.
  2. Determine the accuracy of each type.

Relevant Concepts

  • Order of Magnitude Estimate: Typically used in the early stages of a project, these estimates can vary greatly, usually within a range of -25% to +75%.
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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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