Three-point estimation: Difference between revisions

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{{WikifyArticle issues|datewikify =January 2009}}{{Unreferenced|dateunreferenced =January 2009|context =March 2009|cleanup =March 2009}}
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The '''three-point estimation''' technique is based on statistical methods, and in particular, the [[normal distribution]]. Three-point estimation is the preferred estimation technique for [[information systems]] (IS) projects. In the three-point estimation there are three figures produced for every estimate:
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* Confidence level in E value + 2 × SD is approximately 95%
* Confidence level in E value + 3 × SD is approximately 99.5%
* IS{{huhClarify|date=August 2009}} uses the 95% confidence level, i.e. E Value + 2 × SD, for all project and task estimates.
 
These confidence level estimates assume that the data from all of the tasks combine to be approximately normal (see [[Asymptotic distribution#Asymptotic normality|asymptotic normality]]). Typically, there would need to be 20–30 tasks for this to be reasonable, and each of the estimates E for the individual tasks would have to be unbiased.
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* [[Triangular distribution]]
 
{{DEFAULTSORT:Three-Point Estimation}}
[[Category:Statistical approximations]]
 
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