Definition, Meaning & Synonyms

conservative estimate

phrase

/kənˈsɜrvətɪv ˈɛstɪmeɪt/

Definition

A conservative estimate is a careful calculation or approximation that tends to lean towards the lower end of a plausible range, ensuring that the projected figure does not overstate the potential outcome.

Examples

The project’s conservative estimate for completion is six months, allowing for potential delays.
In forecasting sales, it’s better to use a conservative estimate to avoid setting unrealistic targets.
The budget proposal included conservative estimates to account for unexpected costs.

Meaning

This term is often used in finance, project management, and forecasting contexts to provide a realistic expectation, minimizing the risk of overoptimism.