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an estimating technique in which the front digits of the addends are added and then the sum is adjusted for a closer estimate
The Air Force would most likely use the parametric estimating technique to prepare their budget estimate for the upgrade. This technique involves using historical data and statistical analysis to relate project characteristics (such as size, complexity, and technology) to cost estimates. By analyzing similar past projects, the Air Force can develop a parametric model to estimate the cost of the upgrade based on specific project parameters.
The acronym PERT could stand for a myriad of things. The most common usage is Program Evaluation and Review Technique. Some other possibilities are: Pancreatic Enzyme Replacement Therapy and Professional Emergency Response Team.
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Maths Teachers ask students to estimte the sums of large numbers before they actually solve the solution because students that do this regularly will eventually become very accurate and will soon be able to guess the entire problem correctly without any working out. Estimating is a very good learning technique and is very effiecient! Hope this helps!