PERT Estimate Standard Deviation

PERT Estimate Standard Deviation

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More PERT Estimate PERT (Program Evaluation and Review Technique) estimate standard deviation is a method of determining how much uncertainty or variance there may be in the time it takes to accomplish a project job. Assume you’re working on a diorama…

Triangular Estimation

Triangular Estimation

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Triangular Estimation is a method of estimating based on three values: best-case scenario, worst-case scenario, and most likely scenario. Practice Test Go Example Assume you’re organizing a hiking trip and want to know how long it will take to reach…

Variance Estimate

Variance Estimate

PMP Math Essential Mathematical Formulas for PMP Certification Test Formula A = B + C Learn More Variance Estimate is a calculated forecast or projection of how much a project’s actual performance may deviate from what was initially planned or expected in project management.   Practice Test Go Example Assume you’re hosting a fundraiser event and your…