APM – ACostE Estimating Guide

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3.1 Assessing uncertainty in the baseline activities 23 3.2 Link to the risk management process 24 3.3 Link to schedule risk analysis 26 3.4 Holistic review of risk, opportunity and uncertainty 27 3.4.1 Top-down approach 27 3.4.2 Bottom-up approach – Monte Carlo simulation 29 3.4.3 Dealing with inherent optimism bias in risk and

  Schedule, Baseline