Acronym of the Day – SWAG

Scientific Wild Ass Guess (SWAG) – Frequently used at Fortune 50 companies. A SWAG is the first phase of a project when you let the Capital Committee know the value of a project and how much that particular project may cost. The SWAG accuracy is usually defined as being plus or minus 100 percent.

Also referred to as Stupid Wild Ass Guess, Super Wild Ass Guess and a Swinging Wild Ass Guess.