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What does ROM stand for in project management?

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First I want to clarify that I don't want to know what RAM (Responsibility Assignment Matrix) is. I want to know what ROM is. What does it stand for in the world of project management? Is this term any important (if it is, then how come I haven't heard of it before?)
asked 2 years ago by anonymous

2 Answers

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ROM means Rough Order of Magnitude. This is a class of estimate usually with an accuracy of around +/- 40%.
answered 2 years ago by anonymous
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ROM = Range of Magnitude.  PMI says this is between +-50.
answered 2 years ago by anonymous

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