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The Complete Guide to Accurate Project Estimation
|By Michael Park
Learn how to estimate projects more accurately using data-driven techniques.
Project estimation is one of the most challenging aspects of project management. Here's how to improve your accuracy.
Why Estimates Fail
Most project estimates fail because they don't account for uncertainty, dependencies, and the natural optimism bias that affects all of us.
The Three-Point Estimation Method
Instead of single-point estimates, use optimistic, most likely, and pessimistic estimates to create a range.
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