Based on the available scope information and required accuracy, different cost estimated models or methodologies...

AACE International PSP Question Answer

Based on the available scope information and required accuracy, different cost estimated models or methodologies are utilized Which of the following statements is NOT true?

The Deterministic model is used when Class 3 through 1 estimates are required

The Parametric model is used when Class 5 or Class 4 estimates are required

The Deterministic model is used when Class 5 through 3 estimated are required

The Parametric model is used when detailed quantities are not known

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AACE International PSP Summary

Vendor: AACE International
Product: PSP
Update on: Oct 31, 2025
Questions: 216

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Project Life Cycle Phases do NOT include the following item:

Project schedules help control all of the following EXCEPT for_____________________.

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Based on the available scope information and required accuracy, different cost estimated models or methodologies...

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