Appraising the costs of a project based on knowledge gathered from similar, but different projects. Typically uses parameters such as weight, power, lines-of- code, or other characteristics of the system to estimate or to scale development cost or schedule. System complexity and team maturity are also influencing factors.
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Wideman Comparative Glossary of Common Project Management Terms v2.1)

J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
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