Estimation questions
Submitted by Siva_chandru on Tue, 03/18/2014 - 12:52
The question is :
You are working for FALCON highway construction agency as a project cost estimator. The agency started a highway construction project which is in it's planning phase. The rough order of magnitude (ROM) cost estimate for the project is expected to be between 3 and 5 million dollars in the planning phase with a ROM of -25% to +25%. What will be the ROM estimate in the execution phase if it changes to -10% to +10%?
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Between 3.1 and 4.1 million dollars
