Estimate
A quantitative assessment of the likely amount or outcome. Usually applied to project costs, resources, effort, and durations and is usually preceded by a modifier (i.e., preliminary, conceptual, feasibility, order-of-magnitude, definitive). It should always include some indication of accuracy (e.g., ±x percent).
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PMBOK® Glossary Terms and Definitions (3rd Edition) Copyright © by PMConnection - (9121 reads) |
