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A Rough Cost Estimate is an initial estimate that uses prior experience and other non-project data to estimate the cost of a project. It is also called a Rough Order of Magnitude (ROM) estimate, or a Conceptual Estimate. The Rough Cost Estimate is used for project screening, or deciding which among several projects to proceed with.
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Continue Learning about Basic Math
What is clustering estimation?
it is a method of estimation used in school e.g 698,656,675,689=700,700,700,700next step is to multiply 700 X 4=2800
What is the front end estimation for 4.3456?
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What is the estimation of 36499 to the nearest thousand?
It is 36000.
What would the answer be finding the front end estimation for 586?
It is 600.
What is rounding a number to a one nonzero digit?
It is front-end estimation.
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