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Which phase of a project typically requires the highest degree of accuracy in cost estimating?
18. Which phase of a project typically requires the highest degree of accuracy in cost estimating?
- Preliminary design phase
- Conceptual design phase
- Detailed design phase
- Feasibility study phase
Answer
The correct answer is: C) Detailed design phase
Explanation
During the detailed design phase, the project scope and specifications are well-defined, requiring a higher degree of accuracy to ensure precise cost estimation.