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Certified Business Analysis Professional (CBAP) · IIBA
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Babok v3
• Rough Order of Magnitude (ROM): a high-level estimate, generally based on limited information, which may have a very wide confidence interval
C. Rough order of magnitude cost estimating This process involves estimating the costs of labor, materials, equipment, and facilities for the various proposed solutions to an identified problem. It is typically used in the early stages of project planning to provide a preliminary estimate of costs.