Variance Estimation Posted on 26th December 20152nd May 2021 by ThePD (The Project Definition) Variance Estimation is the process of estimate values that measures how spread out the data in a sample. Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Posted in Management and tagged analysis. ThePD (The Project Definition) ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.