Probability in Action
My example is from a work experience I had estimating a maintenance action for cost and duration. This is done by taking the base line scope of the job or requirements and matching them with the required timeline to determine what inputs and outputs can be expected accomplishing the task. Lets call this job X. the first thing we do is to go into our database and pull history on job X and see if we have done this work before. Once we have the history it may look something like this. #1` Job X. 20 hours. 2 heads. 2 days #2 Job X. 15 hours. 2 heads 2 days #3 Job X. 24 hours 1 head 2...