Cost Estimates
Estimates for the cost of work or purchases such as assets, tools, parts and materials.Time Estimates
Estimates for the time to complete tasks or processes.Project Estimates
Cost and time estimates for a program or project, often at the task level.Should-Cost
An estimate by the customer for how much a project or purchase should reasonably cost. Used to validate proposals and purchases.Quotes
Prices provided to a customer. In some cases, these are estimates of effort that may change based on actual work performed.Risk Estimates
Estimates of the probability and impact of risks.Market Estimates
Estimates of customers and competition. For example, an estimation of demand for a product in a particular region.Value Estimates
Estimates of the value of assets such as property or software.Financial Estimates
Estimates of financial results such as revenue and earnings estimates for a firm's upcoming financial year.| Overview: Estimates | ||
Type | ||
Definition (1) | Forecasts of cost, time, value, markets and performance that are used to plan and operate a business. | |
Definition (2) | Future forecasts or current approximations that involve uncertainty. | |
Related Concepts | ||
