Object Oriented Software Engineering   View all facts   Glossary   Help

subject > process > cost estimation > optimistic-likely-pessimistic estimation

optimistic-likely-pessimistic estimation
subject			fact

optimistic-likely-pessimistic estimation	has definition An 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)
	is a subtopic of 11.3 - Cost Estimation
	is a kind of cost estimation
cost estimation	is difficult
	should be a continuous activity
	uses development effort
	uses elapsed time
process	see also process^2