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.

Synonyms
- cautious approximation
- modest projection
- careful estimation