Ballpark

A ballpark, used both as a noun and a verb, signifies an approximate or rough estimate, figure, or idea. When used as a noun, it refers to an estimated range. As a verb, it implies the act of estimating or approximating something, without necessarily aiming for precise accuracy. This term is commonly used when a definitive answer is unknown or unavailable, and a close enough representation is sufficient. It emphasizes practical feasibility and the need for quick, but imperfect, calculations in decision-making, particularly in business, finance, and project management.

Ballpark meaning with examples

• 1. The project manager requested a 'ballpark' figure for the renovation costs, as a detailed quote wasn't needed at this early stage. She was seeking a quick estimation to understand if the project was viable or not to start. They provided several options for consideration.
• 2. Could you 'ballpark' how many people are attending the conference? I need a rough idea for catering, and don't have the exact final numbers. Knowing the total attendance will effect food and beverage decisions.
• 3. After reviewing the initial designs, the architect 'ballparked' the construction timeline. They used averages based on similar projects, because the specific specifications were not finalized.
• 4. We need to 'ballpark' our budget for the marketing campaign before the final strategy. This rough estimate will allow us to make resource allocation decisions. We can always adjust after.
• 5. The financial analyst gave us a 'ballpark' estimate of the company's quarterly profits based on early sales data. This gave executives an idea about performance before the audit.