Home > Terms > English, UK (UE) > Three-point estimate
Three-point estimate
An analytical technique that uses three cost or duration estimates to represent the optimistic, most likely, and pessimistic scenarios. This technique is applied to improve the accuracy of the estimates of cost or duration when the underlying activity or cost component is uncertain.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Oil War of 2014
The Oil War of 2014 was a global competition for oil market share between traditional oil producing countries led by the OPEC and the surging US shale ...
Contributor
Featured blossaries
Browers Terms By Category
- Contracts(640)
- Home improvement(270)
- Mortgage(171)
- Residential(37)
- Corporate(35)
- Commercial(31)
Real estate(1184) Terms
- Lumber(635)
- Concrete(329)
- Stone(231)
- Wood flooring(155)
- Tiles(153)
- Bricks(40)
Building materials(1584) Terms
- Bread(293)
- Cookies(91)
- Pastries(81)
- Cakes(69)
Baked goods(534) Terms
- Manufactured fibers(1805)
- Fabric(212)
- Sewing(201)
- Fibers & stitching(53)