Why You Should Use Ranged Estimation for Your Projects
LiquidPlanner
JANUARY 4, 2023
Schedule development occurs shortly after the project scope is defined and is necessary to develop a project cost estimate or budget. Since project teams will naturally provide either a single-point estimate or a two-point range like 1 to 2 weeks, I have given teams direction to give me the 75% and 85% confidence levels.
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