ROM (rough order of magnitude)Question
Submitted by thiru26@gmail.com on Mon, 09/14/2015 - 01:35
Forums:
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%?
