Quick Answer: What Word Is Related To Estimation And Conveys The Same Meaning?

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..

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 the opposite word of estimate?

calculate, ignore, hesitate, guess, neglect, disbelieve, know, measure, disregard, estimate, forget.

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 another word for approximate?

In this page you can discover 65 synonyms, antonyms, idiomatic expressions, and related words for approximate, like: inexact, put, rough, estimated, uncertain, guessed, imprecise, unprecise, proximate, imperfect and close.

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 is the definition of approximate?

(Entry 1 of 2) 1 : nearly correct or exact : close in value or amount but not precise an approximate solution an approximate date. 2 : located close together approximate leaves. approximate. verb.

What precise means?

1 : exactly or sharply defined or stated. 2 : minutely exact. 3 : strictly conforming to a pattern, standard, or convention. 4 : distinguished from every other at just that precise moment.

What another word for could?

What is another word for could?wouldcancould perhapscould potentiallymight possiblymight potentiallypotentially willmay potentiallycould possiblymay actually4 more rows

What is the best synonym for estimate?

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

What is called approximation?

An approximation is anything that is intentionally similar but not exactly equal to something else.

What is a rough time?

A challenging period during which one struggles to do or cope with something. John went through a rough time after losing both his job and his wife during the same year.

Why is it called a ballpark estimate?

A: Okay, well, it’s as American as it sounds – named after the baseball stadium, which was first called a ballpark in the 1890s. A “ballpark figure/estimate” means an off-the-cuff guess.

Why is it good to estimate?

In real life, estimation is part of our everyday experience. … For students, estimating is an important skill. First and foremost, we want students to be able to determine the reasonableness of their answer. Without estimation skills, students aren’t able to determine if their answer is within a reasonable range.

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 a antonym for estimate?

commercial instrument commercial document appraisal overestimate overappraisal overvaluation overestimation estimation. Antonyms. overvalue criticize disassemble dissuade break even.

What is another word for related?associatedlinkedkindredakinsimilarcomparativeparallelrelativein leagueintegrated74 more rows

What are the two types of estimation?

There are two types of estimates: point and interval. …