Edit: And worst-case, you should be able to do an exact survey once, and then you can remember that and know which phase to use in the future. (Barring sudden multi-cm shifts, but in that case you have bigger problems.) You still have atmospheric fluctuations to deal with, but that's why you're measuring all day.
https://news.ycombinator.com/item?id=13040765
The quoted horizontal standard errors of the daily position measurements are ~1.5mm. The vertical standard errors are ~5-7mm. (Not as bad as a factor of 10, but certainly worse than 2x.)
The vertical position measurement responds well to averaging of daily errors to beat down the RF propagation effects that cause them.
If you're at the top of a skyscraper you can mitigate this somewhat by looking at satellites closer to the horizon as well -- this solves the geometry problem -- but then you run into increased noise from the larger amount of atmosphere you're looking through.
I Googled and found some vague and unsatisfying explanations, but, luckily, wikipedia tells us how to do the math: https://en.wikipedia.org/wiki/Dilution_of_precision_(navigat...
What you are possibly referring to is called dimensional control in geomatics and civil engineering, and there are various measurement techniques that can be applied, including GNSS-based.
In a way, the hardest part of it is the planning phase, where you have to decide which technique is most appropriate to meet precision, accuracy, timeliness, and cost constraints. All those factors kind of fight against each other. Finding the sweet spot is non-trivial.