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.
(Wideman Comparative Glossary of Common Project Management Terms v2.1)
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.
