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When requirements are not in detail and at a very high level, then a determinate solution could be a rough order of magnitude (ROM) estimate which can vary from -75 to +200% (see AACEI Class 5 definitions).

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How many Aerospace engineers are there in the United States?

As of recent estimates, there are approximately 65,000 aerospace engineers employed in the United States. This number can fluctuate based on industry demand, economic conditions, and advancements in technology. The aerospace engineering workforce is primarily concentrated in sectors such as defense, commercial aviation, and space exploration. Additionally, many aerospace engineers may also work in related fields or industries.


Why accurate cost estimates important?

Accurate cost estimates are crucial for effective budgeting and financial planning, helping organizations allocate resources efficiently and avoid overspending. They enable project managers to set realistic expectations, make informed decisions, and mitigate risks associated with unexpected expenses. Additionally, precise estimates enhance stakeholder confidence and support better project scheduling and resource management. Overall, they are essential for ensuring project success and organizational sustainability.


How much did Tomas savery's steam engine cost?

Thomas Savery's steam engine, developed in the late 17th century, was relatively expensive for its time, with estimates suggesting it cost around £100 to £200. This price reflected the advanced technology and materials used in its construction. However, exact costs varied depending on the specific design and application of the engine. The investment was substantial, but it offered significant benefits in mining and water management.


How much does it cost to replace a heating system?

We just had (Dec,2008) estimates on replacing the boiler in a hydronic (hot water) heating system. The building is, commercial, 6000 square feet , basement and upper level combined. The estimates were not all specific as to boiler size. One of them stated, 260,000 BTU, Peerless MI-09. Another estimate stated, Peerless MI-08, at 227,000 BTU. Lowest estimate was, $4870. Highest estimate was, $7285. Two other estimates were in between.


Is there more oil offshore than on land?

While estimates vary, many sources suggest that there is more oil offshore than on land, particularly in deepwater regions. Offshore reserves are often more challenging and costly to extract, but advances in technology have made many of these resources more accessible. Overall, offshore oil production has become increasingly significant in meeting global energy demands. However, the exact quantities can fluctuate based on new discoveries and technological advancements.

Related Questions

Give examples of when you would prepare rough order of magnitude budgetary and definitive cost estimates for an information technology project What are the accuracies of a ROM estimate?

!DK


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Where could one get some information on roofing estimates?

You can get information on roofing estimates at the Roof Calc Organization website. Once on the page, you can enter in the details of the roof you are working with to get detailed estimates for free.


What best estimates the number of galaxies in the universe?

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Do conservatory companies give free estimates?

Most conservatory companies do give free estimates and consultations.You have to contact them and setup an appointment for the estimate. Their contact information can be found on their websites.


Where can one find the weight of Britney Spears?

There is no way to find the definitive weight of Britney Spears. One can find estimates and speculation via a number of websites including Fitness Magazine, Entertainment Wise and HealthyCeleb.


Why does the pace technology icrease?

One component of your answer is Moore's Law, which estimates that the number of transistors in a semiconductor chip doubles every 18 months.


What estimates gives you more detailed information rounding to millions or hundreds thousands?

hundred thousands


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How many recognized dialects are recognized on earth?

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Estimates vary. Several tens of billions at the most conservative. We do not have the technology at present for a manned mission to Mars.