PMP Formula of the Week: Three-point Estimate

PMPFormulaOTW475166460

You are determining activity duration estimates and one of your colleagues suggests using a three-point estimate. What is the primary advantage of this method?

A. Three points, rather than one, improve the accuracy of the activity duration estimate.
B. It is always preferable to consider three opinions instead of just one.
C. The best case and worst case scenarios are factored into the estimate.
D. Team members will provide the most accurate estimates.

 

Related Resources
PMP Exam Prep Mobile App
Project Management White Papers

Related Courses
IT Project Management
Project Management Fundamentals
Project Management, Leadership, and Communication
PMP Exam Prep Boot Camp

Please support our Sponsors here :