You are in the initiation phase of your project and believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. You have provided an estimate in the project charter of $75,000 – $175,000. This is an example of?
A. Narrow Estimate
B. Absolute Estimate
C. Rough Order of Magnitude Estimate
D. True Estimate