Practice Quiz

CAPM Project Management Exam Prep

Category - CAPM

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What is a standard range for a Rough Order of Magnitude estimate?

  1. -25% to +50%
  2. -25% to +75%
  3. -50% to +50%
  4. -50% to +75%
  5. -75% to +75%
Explanation

Answer: B - The standard range for a Rough Order of Magnitude Estimate is from -25% to +75%.

Key Takeaway: While that range sounds wide, it is actually very easy to miss in the early stage. A good project manager does in-depth analysis before issuing Rough Order of Magnitude estimates. Note that this guideline suggests that you’re better off missing on the high side than the low side.

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