Three-Point Cost Estimation Techniques Detailed Explanation.

Three-Point Estimating: A Detailed Overview Three-point estimating is a project management technique that improves the accuracy of estimates by considering uncertainty and risk. Unlike traditional estimation methods that rely on a single value, three-point estimating uses three different estimates to account for different scenarios: optimistic, pessimistic, and most likely. This method is particularly useful in projects where uncertainty is high, […]