Simple Formula Questions – Three Point Estimates <br />www.pmchamp.com<br />
Many PMP aspirants dread the formula questions on the PMP exam. <br />Most of the formula questions come from the area of ...
However, there is a group of very simple formulas, which once mastered, can easily yield many right answers on the PMP Exa...
Such simple formulas belong in the Cost, Communication and Quality Management areas. <br />I’ll divide this post into mult...
Three Point Estimate<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
The 3 point estimate belongs to the time management knowledge area. It can also be used during Cost Estimation.<br />A thr...
Manager: How long will it take to complete the engine design?<br />Engineer: 5 days. <br />JOIN TODAY - Online PMP Exam Pr...
The problem with single point estimates is that they are seldom correct.<br />How reliable is this 5 days estimate? It wil...
Learn More About The<br />Three Point Estimates<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
Aim to Pass the PMP exam in your first attempt, with the right guidance and the PMI perspective of thinking. <br />Join ou...
And let me know once you pass the exam. All the Best!<br />Cheers,Vinai Prakash, PMP<br />www.pmchamp.com<br />JOIN TODAY ...
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Simple Formula Questions – Three Point Estimates

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Many PMP aspirants dread the formula questions on the PMP exam. Most of the formula questions come from the area of Cost Management & Time Management, generally using the Earned Value Mangement techniques.

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Simple Formula Questions – Three Point Estimates

  1. 1. Simple Formula Questions – Three Point Estimates <br />www.pmchamp.com<br />
  2. 2. Many PMP aspirants dread the formula questions on the PMP exam. <br />Most of the formula questions come from the area of Cost Management & Time Management, generally using the Earned Value Managementtechniques.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  3. 3. However, there is a group of very simple formulas, which once mastered, can easily yield many right answers on the PMP Exam.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  4. 4. Such simple formulas belong in the Cost, Communication and Quality Management areas. <br />I’ll divide this post into multiple parts, focusing on 1 simple formula at a time. This one focuses on the Three Point Estimation Technique.<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  5. 5. Three Point Estimate<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  6. 6. The 3 point estimate belongs to the time management knowledge area. It can also be used during Cost Estimation.<br />A three point estimate is a better estimate, compared to a single point estimate. Single point estimate simply gives you a single number – for example,<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  7. 7. Manager: How long will it take to complete the engine design?<br />Engineer: 5 days. <br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  8. 8. The problem with single point estimates is that they are seldom correct.<br />How reliable is this 5 days estimate? It will depend on the engineer, and whether this task has been done before or not? If it is a routine task, and has been performed many times, a single point estimate may be ok…<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  9. 9. Learn More About The<br />Three Point Estimates<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  10. 10. Aim to Pass the PMP exam in your first attempt, with the right guidance and the PMI perspective of thinking. <br />Join our Online PMP Exam Prep Coaching Workshop<br />Or try out as many mock exam tests as you can:<br />Free and Paid PMP Resources<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />
  11. 11. And let me know once you pass the exam. All the Best!<br />Cheers,Vinai Prakash, PMP<br />www.pmchamp.com<br />JOIN TODAY - Online PMP Exam Preparation Workshop<br />

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