Reestimate: meaning, definitions and examples

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reestimate

 

[ ˌriːɪsˈtɪmət ]

Verb
Context #1 | Verb

financial analysis

To reestimate means to make a new estimate or to revise an existing estimate. This can occur in various fields, including finance, project management, and statistics, when new information becomes available that may affect the original estimate.

Synonyms

adjust, recalculate, revise

Examples of usage

  • The team needed to reestimate the project budget after the last meeting.
  • Due to unforeseen circumstances, we had to reestimate the timeline for the launch.
  • It's important to reestimate the costs if the project scope changes.

Translations

Translations of the word "reestimate" in other languages:

🇵🇹 reavaliar

🇮🇳 फिर से आकलन करना

🇩🇪 neu bewerten

🇮🇩 menilai ulang

🇺🇦 перепідрахувати

🇵🇱 ponownie ocenić

🇯🇵 再評価する

🇫🇷 réévaluer

🇪🇸 reevaluar

🇹🇷 yeniden değerlendirmek

🇰🇷 재평가하다

🇸🇦 إعادة تقييم

🇨🇿 znovu ocenit

🇸🇰 znovu posúdiť

🇨🇳 重新评估

🇸🇮 ponovno oceniti

🇮🇸 endurskoða

🇰🇿 қайта бағалау

🇬🇪 მחדש შეფასება

🇦🇿 yenidən qiymətləndirmək

🇲🇽 reevaluar

Word origin

The word 'reestimate' is formed by the prefix 're-' and the word 'estimate.' The prefix 're-' indicates repetition or doing again, while 'estimate' comes from the Latin word 'aestimare,' meaning 'to assess' or 'to value.' This term has evolved in the English language to integrate into various fields that require appraisal and analysis, particularly in finance and project management. Over time, as business practices have become more complex, the need to adjust or revise estimates has become increasingly relevant, leading to a rise in the usage of the term 'reestimate' in professional jargon. Its application signifies a critical step in decision-making processes, showcasing the importance of adaptability in estimations.