Estimoiting
Estimating is the process of making an educated approximation or judgment regarding the size, cost, duration, or extent of a task, project, or resource requirement. It involves analyzing available data, past experiences, and necessary assumptions to arrive at a reasonable projection, often serving as a preliminary step in planning, budgeting, and decision-making.
Estimation is widely used across various fields including construction, engineering, project management, finance, and software development.
The accuracy of an estimate depends on the quality and quantity of the information available, the complexity
Estimating plays a crucial role in resource allocation, scheduling, and risk management. Poor estimation can lead
In summary, estimating is a fundamental activity that enables organizations and individuals to plan effectively, allocate