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EXERCISE 3) Three-point estimating practice Calculate the estimated costs of the following project activities using the three point estimating (triangular distribution) method. E = (a+m+b)/3
EXERCISE 3) Three-point estimating practice Calculate the estimated costs of the following project activities using the three point estimating (triangular distribution) method. E = (a+m+b)/3 Where E = estimated cost, a = optimistic value, m = most likely value, b = pessimistic value 1) Installation of computer hardware a = $535 m = $640 b = $725 E = 2) Erection of temporary flooring a = $4985 m = $5649 b = $7296 E = 3) Design of exhibition stand a = $1430 m = $2540 b b = $4200 E = 4) Labour on installing ceiling a = $12578 m = $14278 b = $16987 E =
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