PMServicesNW » Schedule http://www.pmservicesnw.com Free project management information and downloads Thu, 29 Jul 2010 13:05:56 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Three Point Estimates http://www.pmservicesnw.com/2009/09/three-point-estimates/ http://www.pmservicesnw.com/2009/09/three-point-estimates/#comments Thu, 03 Sep 2009 03:21:45 +0000 admin http://www.pmservicesnw.com/?p=565
By: Ray Myers, Jr., PMP The accuracy of an estimate can be improved by considering uncertainty and risk.  PERT uses 3 estimates to define a range for an activity’s cost.  This formula can be used for cost estimating and for scheduling. Most Likely – based on a realistic assessment Optimistic – estimated cost based on the best case [...]]]> http://www.pmservicesnw.com/2009/09/three-point-estimates/feed/ 0