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optimistic-likely-pessimistic estimationelapsed timeprocess^2cost estimationa continuous activity11.3 - Cost EstimationAn approach to cost estimation in which you make three estimates for each task and for the project as a whole: An optimistic estimate, (in which everything goes well) the likely estimate and a pessimistic estimate (where you account for everything that could go wrong)

Next processcost estimation technique    Upprocess    Previous processcontracting-out