Swag 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.
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“Uh huh. Swag...Scientific Wild-Ass Guess”

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What is Swag? - VersionOne Community

In the Agile world, Swag is to portfolio items what story points are to backlog items. Swag provides a way to compare the size, time, and effort that it will take to complete a set of features without going through detailed backlog estimating activities. If Swag and Estimates are both using the same units, you can quickly compare the two numbers throughout the planning process to identify cases where the original high level estimates are falling out of line with the true size once detail has been elaborated. In fact, it's easier to use a higher level unit for Swag as a constant reminder that it is even less precise though not necessarily less accurate.
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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. On the witness stand, Stewart explained that in Vietnam, the military intelligence branch that he commanded would deliver numbers of enemy strength to Westmoreland, the numbers derived from "the SWAG principle".
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Once they realized their mistake , they apologized to General Westmoreland. The libel suit was eventually dropped in Can you have it on my desk by the end of the day? SWAG might sound like this:.
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