As an engineer, this feels strange, because you might expect to be trying to be as close to correct as possible when you give a date. But that's not the goal. The goal is to create a narrative and sense of purpose that gets you there as quickly as possible.
Finishing something 6 months behind schedule in 18 months is still better than doing it "only" 1 month behind schedule in 19 months. Of course, you also need a risk analysis of the worst case, and to understand the financials and be able to survive a reasonable range of potential delays.