Three-point estimation: Difference between revisions

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m Reverted edits by 142.114.160.174 (talk) (HG) (3.1.21)
To clarify the math (that you square the individual standard deviations into variances) - then we can use the rule: the variance of the sum is the sum of the variances
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* Decomposes the project into a list of estimable tasks, i.e. a [[work breakdown structure]]
* Estimates the E value and SD for each task.
* Calculates the E value for the total project work as :<math>E (Project Work) = Σ\sum{ E (Task)}</math>
* Calculates the SD value for the total project work as :<math> SD (Project Work) = √(Σ \sqrt{\sum{SD (Task) <sup>^2}}</supmath>)
 
The E and SD values are then used to convert the project estimates to confidence levels as follows: