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The client is requesting budget details for all requested functionality. When budgeting projects using Agile methods, at what point are budget and definitive estimates created?

The client is requesting budget details for all requested functionality. When budgeting projects using Agile methods, at what point are budget and definitive estimates created?
a. In chartering
b. In creating the project vision
c. Before baselining
d. Repeatedly for each release and iteration

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