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Data for Risk Modeling
Inside this lesson
- Elicit optimistic, most-likely, and pessimistic values for a risk.
- Compute the three-point (PERT) estimate as (O + 4M + P) / 6.
- Explain why the most-likely value is weighted by four.
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Educational content only. This course explains business and project risk-analysis concepts and the math behind them; it is not financial, accounting, investment, or professional certification advice, makes no recommendations, and predicts no cost, schedule, cash, or business outcomes. All figures are illustrative synthetic teaching examples. Consult a qualified professional before making financial or business decisions.