Three-Point Estimation Technique in Project Management
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Three-Point Estimation Technique in Project Management

Today, we will discuss the three-point estimation technique in project management. The quantitative evaluation method known as three-point estimating is characterized by applying a mathematical procedure in the estimation process. Estimating both the budget and the timeline is essential for project managers. Estimating, the creation of timelines, and the interpretation of estimate disparity may all…

Bottom-Up Estimation Technique in Project Management
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Bottom-Up Estimation Technique in Project Management

The bottom-up estimation technique helps project managers estimate the project cost or the duration. This quantitative estimation technique provides the most accurate estimation. Let me give you an example of a bottom-up estimating technique. The government has floated a contract to construct a building and provided a detailed scope of work. However, the contract must…