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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?

1. Preliminary design phase
2. Conceptual design phase
3. Detailed design phase
4. 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.