Question: What’S Another Word For Estimate?

What is purpose of estimate?

The purpose of an estimate has a different meaning to different people involved in the process.

To the owner, it provides a reasonable, accurate idea of the costs.

This will help him or her decide whether the work can be undertaken as proposed, needs to be modified, or should be abandoned..

What is good estimate?

Summarizing, a good estimate is one that supports a project manager in successful project management and successful project completion. A good estimation method is thus an estimation method that provides such support, without violating other project objectives such as project management overhead.

What is the other word for hear?

In this page you can discover 91 synonyms, antonyms, idiomatic expressions, and related words for hear, like: listen to, make out, hearken, hear tell of, hark, become aware of, take-in, detect, attend to, get wind and catch.

What is a rough estimate?

A Rough Cost Estimate is an initial estimate that uses prior experience and other non-project data to estimate the cost of a project. It is also called a Rough Order of Magnitude (ROM) estimate, or a Conceptual Estimate. … Usually it is not yet funded, and the primary parts of the project are not designed.

What is the difference between guessing and estimate?

In summary, a guess is a casual, perhaps spontaneous conclusion, whereas an estimate is based on some thought and/or data.

What is another word for different?

How is the word different different from other adjectives like it? Some common synonyms of different are disparate, divergent, diverse, and various. While all these words mean “unlike in kind or character,” different may imply little more than separateness but it may also imply contrast or contrariness.

What is a word for unknown person?

In this page you can discover 94 synonyms, antonyms, idiomatic expressions, and related words for unknown, like: obscure, anonymous, unheard-of, foreign, undiscovered, aloof, unrevealed, unfamiliar, incalculable, hidden and concealed.

Whats does estimate mean?

estimate, appraise, evaluate, value, rate, assess mean to judge something with respect to its worth or significance. estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out.

What are the three types of cost estimates?

Nonetheless, there are three types of cost estimation classified according to their scope and accuracy. These are (1) order of magnitude estimate; (2) budget estimate; and (3) definitive estimate.

What is the synonym of estimate?

Some common synonyms of estimate are appraise, assess, evaluate, rate, and value. While all these words mean “to judge something with respect to its worth or significance,” estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out.

What is the best synonym for estimate?

Synonyms forassessment.evaluation.guess.measure.measurement.opinion.projection.survey.

What is an example of an estimate?

To find a value that is close enough to the right answer, usually with some thought or calculation involved. Example: Alex estimated there were 10,000 sunflowers in the field by counting one row then multiplying by the number of rows.

What’s another word for price?

Price, charge, cost, expense refer to outlay or expenditure required in buying or maintaining something.

What are the types of estimate?

There are five types of estimates based on accuracy:Order of Magnitude. Also called Rough Order of Magnitude (ROM) or Rough Cost Estimate, or Conceptual Estimate, this type of estimate is used for project screening, or deciding which among several projects to proceed with. … Feasibility. … Preliminary. … Substantive. … Definitive.

How do you estimate value?

The general rule for estimating is to look at the digit to the right of the digit you want to estimate. Estimating or rounding to the nearest whole number means looking at the digit to the right of the decimal. If you see a digit greater than 5, round up, and if it’s less than 5, round down.