What Does NRE Stand For?

NRE stands for Notice Of Revised Estimate

NRE, or Notice of Revised Estimate, is a formal communication used to inform stakeholders of updates to previously provided cost estimates for projects or services. This notice typically outlines changes in budget projections, timelines, or resource allocations, ensuring all parties are informed and aligned with the latest financial expectations and project scope adjustments. The NRE serves as a critical tool for maintaining transparency and fostering effective collaboration in project management.