Three-point estimation: Difference between revisions

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: ''E'' = (''a'' + ''m'' + ''b'') / 3.
 
In some applications,<ref name=MOD2007>Ministry of Defence (2007) [http://www.aof.mod.uk/aofcontent/tactical/risk/downloads/3pepracgude.pdf "Three point estimates and quantitative risk analysis"] [http://www.aof.mod.uk/aofcontent/tactical/risk/content/tpe.htm Policy, information and guidance on the Risk Management aspects of UK MOD Defence Acquisition]</ref> the triangular distribution is used directly as an estimated [[probability distribution]], rather than for the derivation of estimated statistics.
 
==Project management==