Glossary

PPM Order of magnitude estimate

An order of magnitude estimate provides an early, imprecise idea of the time and money required to complete a project. It uses historical data from completed projects to form adjusted estimates for similar new projects, usually presenting these estimates as ranging from -25 percent to +75 percent of the actual budget to indicate the levels of uncertainty involved.

Write us, we'll get back to you in less than an hour

Join Our Newsletter

Sign up for free and get new updates about plm software and processes.

No thanks
Join Our Newsletter

Sign up for free and get new updates about plm software and processes.