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2026-04-08T07:42:17-04:00
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2026-04-08 07:42:17

HTMAiPM Reference Class Forecasting (RCF)

hubbard_2025_project-management#Top-down Estimations Reference Class Forecasting

%% blockquote syntax below is use to indicate paraphrased quotes. standard paragraphs are my extrapolation. %%


RCF can avoid potentially faulty scaling (square foot area, number of dwelling/sleeping units)


If RCF isn't informative (uniqueness bias) then neither is project manager experience.


A loss exceedance curve can inform how to price a project under estimate uncertainty. Contingency can be added to an estimate made with standard methods sufficient to lower probability of overrun to 5%, for example.