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Estimation Precision: The Three-Point Technique

by Tristan

Facing difficulties with accurate project estimations? You’re not alone. The complexity of predicting project timelines accurately can be a significant hurdle.

The solution to enhancing your estimation precision lies in mastering the Three-Point Technique. This infographic distils the essentials of applying the three-point estimation, comprising the following key steps:

  • Identify Task Requirements
  • Calculate the Optimistic, Pessimistic, and Most Likely scenarios
  • Use the formula (O + P + 4M) / 6 to find the weighted average
  • Consolidate estimates for a comprehensive project view
  • Adjust based on feedback

By integrating these steps into your planning process, you can significantly improve your project’s accuracy and management efficiency.

Don’t miss out on mastering this invaluable technique. Start incorporating these insights today and enhance your project planning prowess.

Tristan

Tristan

A coach and transformation expert, bringing practicality to the forefront of every project. Holds certifications in Scrum, Kanban, DevOps, and Business Agility, and is one of the few Accredited Kanban Trainers (AKT) globally. Specialises in efficient business operations. Currently completing ICF PCC Level 2 certification.

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