Tech Workplace Dictionary

Understand the terminology, acronyms, jargon, and phrases used by modern tech teams

Tech Workplace Dictionary

Estimate

A reasoned forecast of the effort duration cost or size of uncertain work.

Project & ExecutionTermplanningbeginner

Plain English

The team's current best prediction based on what it knows.

In context

An estimate supports planning when its unit assumptions range and confidence are clear and it is revised as evidence changes.

Example

The initial estimate is three to five days if the API contract remains stable.

When you'll hear this

  • sprint planning
  • roadmapping
  • project proposals

Common misunderstanding

An estimate is not a commitment and greater precision does not remove uncertainty.

Also known as

estimationeffort estimate

Commonly used by

Related terms

Updated: 2026-08-27

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