This document proposes a new approach for software project estimation that combines existing estimation techniques. It involves using case-based reasoning to retrieve similar past projects, reusing their estimates, and revising the estimates based on new parameters and delay-causing incidents. The approach allows parameters to be added dynamically during project execution to make estimates more context-sensitive and help converge to actual values. A prototype tool has been implemented to demonstrate calculating estimates by dynamically selecting parameters and computing similarity indexes between current and past projects.