TeilSchätzungen
TeilSchätzungen, a German term roughly translating to "partial estimates," refers to a process in project management, engineering, and accounting where a project or an item is broken down into smaller components, and estimates are made for each of these individual parts. This approach is employed when a complete, precise estimate for the entire entity is difficult or impossible to obtain at an early stage, or when a phased development or budgeting is required.
The primary advantage of TeilSchätzungen is the increased accuracy that can be achieved by focusing on specific,
In practice, TeilSchätzungen are often iterative. Initial estimates might be broad, becoming more refined as more