Expectations - 1

The deliverable of the Project Concept Phase is a Business Case document that includes

• An Order of Magnitude Estimate

  • Of the schedule and cost for the entire project
• The accuracy of this estimate, like all others, is dependent upon the extent and reliability of the scope definition information
• Practical experience suggests that the realistic accuracyof this cost estimate is in the range of -25% to +75%

  • It is strictly only an indication of the final project cost

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