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You have been given a multi-year project to build a refinery. This is a very large and complex project, and you now need to estimate the cost for this project. What basic assumption will you need to make while estimating the cost for this project?
  • If you get the project budget in phases
  • You will be given all costs and resources at the beginning of the project
  • Whether the estimate will be limited to direct costs or if it will include the indirect costs as well
  • If the project schedule is fixed or based on events

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