Definitive Estimate

1 Definition

Used to develop the precise estimates needed to tactically manage and complete a project. The definitive estimate is the most accurate estimate for the amount of work and resources needed to complete the project. They are estimates consider to have a "+ or – 20%" accuracy. The definitive estimates are the estimates that the organization will commit to in order for the project to baseline, tactically manage the project or a major phase, and report performance against.
defined by PCoE Oregon .Gov