Estimate
An estimate is an approximate value, often based on limited judgment rather than direct, systematic measurement. For example, a store manager's appraisal that introducing a checklist will add one minute per customer visit represents an estimate that still requires empirical testing.
0
1
Contributors are:
Tags
Prep Sessions
Evidence to Action: Making Defensible Workplace Decisions @ Honor
Ch.1 From Evidence to a Defensible Decision - Evidence to Action: Making Defensible Workplace Decisions @ Honor
Differentiating Evidence, Estimates, Assumptions, and Proposals - Evidence to Action: Making Defensible Workplace Decisions @ Honor
Related
Learn After
What specific kind of value is an estimate defined as?
Explain why an operational appraisal, such as an anticipated increase in task completion time, is classified as an estimate, and contrast the basis of such an appraisal with direct, systematic measurement.
Match each operational component with its corresponding role in the evaluation of a workflow change.
Order the stages involved in evaluating the operational time impact of a newly introduced procedure.
Describe an empirical test the supervisor should design to evaluate this 45-second estimate before finalizing the schedule.
A store manager appraises that introducing a customer checklist will add one minute to each transaction. How should this one-minute figure be treated prior to conducting empirical testing?
An appraisal of the time required to complete a task is considered fully verified as soon as a manager forms it.