Andy is the project manager of the NHGQ project for his organization. He has elected to use a three-point estimate for his project. His project team, however, is complaining about participating in this estimate type because of the time it takes to predict the duration of activities. Andy, as the project manager, tells the project team that they must create the time estimate, as it will help this project and future similar projects. What is a three-point estimate?

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Andy is the project manager of the NHGQ project for his organization. He has elected to use a three-point estimate for his project. His project team, however, is complaining about participating in this estimate type because of the time it takes to predict the duration of activities. Andy, as the project manager, tells the project team that they must create the time estimate, as it will help this project and future similar projects. What is a three-point estimate?