Precision and accuracy are often used interchangeably, but grasping the difference is more than an exercise in semantics; it’s a cornerstone for success in project management. Their distinction is crucial for project managers aiming to steer their teams towards reliable project delivery. In this article we will delve deep into precision and accuracy and discuss how to incorporate both for better project management outcomes.
An accurate estimate is the first step toward a successful project. You must be aware of the timetable, expenses, scope, risk, and other factors in order to plan the work necessary to complete your project. Project estimating methodologies take all of these factors into account.
