Three-point estimation: Difference between revisions

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Project management: IS -> Information Systems
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* Confidence level in E value is approximately 50%
* Confidence level in E value + SD is approximately 7085%
* Confidence level in E value + 21.645 × SD is approximately 95%
* Confidence level in E value + 32 × SD is approximately 99.598%
* Confidence level in E value + 3 × SD is approximately 99.9%
* Information Systems uses the 95% confidence level, i.e. E Value + 21.645 × 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.