estimating

Meanings

• Verb

  The act of estimating or calculating the cost, time, or resources required to complete a project or task.

  - "The construction company provided an estimate for building the new school."
  - "The project manager asked for estimates from various vendors before making a decision."

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Synonyms

appraise , assessment

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Variants

List of all variants of estimating that leads to same result
estimate , estimated , estimates , estimating , estimative , re-estimate , re-estimated , re-estimates , re-estimating , re-estimation , re-estimations , reestimate , reestimated , reestimates , reestimating , reestimation , reestimations

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French 'estimer' meaning 'to value, to esteem'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Estimating is an essential skill for project managers and is used extensively in various industries such as construction, software development, and finance.

2. The accuracy of estimates can significantly impact the success of a project. Therefore, it is essential to use reliable data and methods when making estimates.

3. Estimating is not just about calculating costs but also about identifying potential risks and mitigating them.

4. The term 'estimate' comes from the Old French word 'estimer', which means 'to value, to esteem'.

5. Did you know that the first known use of the term 'estimate' in English was in the year 1382?

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Budgeting: Budgeting is the process of creating a plan to spend and save money. Estimating is an essential part of the budgeting process as it helps in determining the costs involved.

2. Forecasting: Forecasting is the process of making predictions about future events based on historical data and trends. Estimating is a crucial part of forecasting as it helps in determining the likely costs, resources, and time required for future projects.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Estimating is a crucial aspect of project management and is used extensively in various industries such as construction, software development, and finance.

How to Memorize "estimating"

1. visualize
   

   - Visualize the act of estimating as a process of calculating costs, resources, and time required to complete a project. Imagine yourself as a project manager, making estimates for various projects.

2. associate
   

   - Associate the word 'estimating' with the concept of planning and budgeting. Remember that estimating is an essential part of the planning and budgeting process.

3. mnemonics
   

   - Use the mnemonic 'Estimate: Essential for Planning and Budgeting' to remember the meaning of the word.

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Memorize "estimating" using Dictozo

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