What is Three-point Estimating in Project Management?
Knowledge Hut
AUGUST 1, 2023
Uncertainty is a constant companion in project management. To overcome this uncertainty and make informed decisions, project managers rely on the three-point estimating. This method considers three estimates for each task: the best-case scenario, the worst-case scenario, and the most likely case. By analyzing these estimates and assessing their probabilities, project managers can better understand probabilities, manage risks, and create a comprehensive project plan Three-point estimates for the
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