Cost Management\perth
There was some question on exam according to cost estimate.
They give you optimistic, pessimistic and most likely values.
But, they don't mention anything about PERT.
So as I know there 2 methods estimate costs.
(O+M+P)/3
and Pert
(0+4M+P)/6.
There was 2 answers one of them the sum based on Pert, another - 3 point estimates.
I've chosen (O+M+P)/3 because they don't mention Pert technique needs to be used for estimates
PMBOK says that
(0+4M+P)/6.
Cost Estimates based on this equation (or even simple average of three points) may provide more accuracy and 3 points clarify the range of uncertainty of the cost estimates.
Please clarify answer
Thanks!

