🎯 Three-Point Estimation | PMP Fundamentals
Автор: iZenBridge Consultancy Pvt Ltd.
Загружено: 2024-12-21
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🎯 Three-Point Estimation Explained!
This technique uses three key estimates to calculate a more accurate forecast:
◻️ Optimistic: Best-case scenario.
◻️ Pessimistic: Worst-case scenario.
◻️ Most Likely: Expected outcome.
🔍 Key Methods:
◻️ Triangular Distribution: Simple average of the three estimates.
◻️ Beta Distribution (PERT Formula): Weighted average where Most Likely gets 4x weight:
(Optimistic + 4 × Most Likely + Pessimistic) ÷ 6.
📊 Applications:
◻️ Used for estimating costs and durations.
◻️ Helps assess variability and improve forecast accuracy.
A perfect approach for projects where understanding uncertainty is crucial!
#ThreePointEstimation #PERT #ProjectManagement #EstimationTechniques
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