ROM estimate
Submitted by vijayavadrevu on Sat, 05/11/2013 - 13:47
Forums:
The cost of a project is estimated to be $1,000,000. As project manager you determine that a contingency reserve of 10% and a management reserve of 8% should be sufficient. What is the Rough Order of the Magnitude estimate for the project's total cost?
A)$100,000 to $110,000
B)$80,000 to $1,180,000
C)$590,000 to $2,360,000
D)$590,000 to $1,180,000
