If you are an expert and you know, you know. If we estimate based on our experience and or memory, regardless of how expert we might actually be, it typically is nothing more than WAG — a Wild-Ass Guess. The S can refer to what ever makes sense in your situation, it could be Scientific, Statistical, Stupid, Simple, Silly, Sophisticated, etc. SWAG is used to describe an estimate derived from a combination of factors including past experience, general impressions, and heuristic or approximate calculations rather than an exhaustive search, proof, or rigorous calculation. The SWAG is an educated guess but is not regarded as the best or most accurate estimate.
What is the abbreviation for Scientific Wild-Ass Guess. A Close Approximation.?
SWAG means Scientific Wild-Ass Guess. A Close Approximation.
A WAG wild-ass guess is an off-the-cuff estimate for something, such as the completion date of a project, when there is insufficient data available to support a more informed estimation. In Agile and scrum software development, a WAG is often based upon historical experience. Because WAGS are simply guesses, they can be very difficult to substantiate. A scientific wild-ass guess SWAG is a WAG that is explained in terms of assumptions and informal calculations made to arrive at the estimate. For example, coming up with a WAG for a project completion date, a project manager could explain that a similar completed project took six months but also that there are fewer developers available currently, so the project might take an extra month. The scientific part of the SWAG is the additional explanation and calculation. Planning poker , a team building activity for achieving group consensus, is a popular tool for creating WAGs that are more likely to be realistic. Please check the box if you want to proceed.
What is the abbreviation for Some Wild-Ass Guess?
Top definition. The term is generally used by financial, technical professionals and project managers to describe a solid assumption of a numeric target. It is far more than a guess or even a good guess. One is attempting to accurately estimate a number associated with for example a budget or time requirement using the available limited data or in the worse case no data. If the individual offering the SWAG projection is well recognized and qualified in his area of expertise and he is offering it within that expertise, the likelihood that the SWAG will be taken seriously is high, especially if he has a proven track record.
Scientific wild-ass guess SWAG is an American English slang term meaning a rough estimate made by an expert in the field, based on experience and intuition. It is similar to the slang word guesstimate , a portmanteau of guess and estimate. Westmoreland would sometimes reply "SWAG" to reporters' questions about American failure to neutralize the enemy.