Sunday, January 6, 2008

What is Three Point Estimation

In PMP, the term "Three Point Estimation" is a technique used to estimate the time required for a project based on historical information. This includes:
  • Most Optimistic
    Best case scenario in which nothing goes wrong and all conditions are optimal.

  • Most Likely
    The most likely duration and there may be some problem but a lot will go right.

  • Most Pessimistic
    The worst case scenario which everything goes wrong.

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)