answersLogoWhite

0


Best Answer

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.

User Avatar

Favour Epingi

Lvl 4
3y ago
This answer is:
User Avatar
User Avatar

Laverna Senger

Lvl 1
3y ago
nice ?
User Avatar

Ethel Hauck

Lvl 1
3y ago
nice, tyy ?
User Avatar

Phyllis Larkin

Lvl 1
3y ago
Are you sure
User Avatar

Jana Lockman

Lvl 1
3y ago
great answer, thx
User Avatar

Cristobal Kuhlman

Lvl 1
3y ago
can you explain how you know?

Add your answer:

Earn +20 pts
Q: What is rough estimation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you determine if a product is reasonable?

With a rough estimation.


What is the method of making a rough measurement?

A method of making a rough measurement is: Estimation Answered by :PopTy13


When need rough estimation?

A rough estimate is given when the situation does not require the exact numbers to be given.


How could estimation be helpful?

Estimation enables you to obtain a rough answer using only mental maths. An approximate answer can sometimes be sufficient.


How is estimation different from guessing?

Estimation is making a rough guess to the approximate answer but it does'nt have to be exact. Guessing is giving random answers without thinking whether it's approximate or not.


Is one third a good estimate for 3 tenths?

Although it is not exact, it is a decent rough estimation


How old can a fairy get?

Two hundred years on average, but it's a rough estimation Or 100 years


Why do you need estimation?

Sometimes a quick but rough guess at the answer is preferable to an exact answer obtained after much time and effort.


What part of speech is estimation?

The word estimate can be a noun and a verb. Noun: A rough calculation. Verb: To calculate roughly.


How many pennies are needed to make a 1 foot cylinder?

Rough estimation here, but about 3 rolls of pennies. So..150 pennies.


What is the estimation of Blue Whales?

A rough estimation is in low few thousands. This is because their were hunted and classed as endangered by 1950s. The pre-whaling population is estimated to be around 350,000 bur 88% of the Whales were killed and only a couple of thousand remain currently.


How do you compute a square root?

Square roots are computed using the Babylonian method, calculators, Newton's method, or the Rough estimation method. * * * * * Or the Newton-Raphson method.