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What statement about rough order of magnitude ( ROM ) budget estimates is false? ROMs provide an initial cost estimate to determine whether a project

What statement about rough order of magnitude

(

ROM

)

budget estimates is false?

ROMs provide an initial cost estimate to determine whether a project is viable.

ROMs are built at the project initiation stage.

ROMs are usually based on knowledge of similar projects.

ROMs should have a variance of minus

10 %

to plus

15 %

of the actual cost.

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