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Managing UncertaintiesIf you have accurate historical statistical data that is analogous to a particular element in your project, we recommend that you use this data to model uncertainty in your project as opposed to risk events. Be aware of double-counting risk and uncertainty as most of the uncertainty in a project is due to the probability of risk events occurring. To define uncertainties:
The meaning of low, base, and high data depends on the statistical distribution defined in the Distributions tab of the Task Information dialog box. See also |