CAPM Exam Prep 40, Three-Point Estimating (PERT and Triangular)

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Triangular distribution is a simple average used for estimates: (Optimistic + Most Likely + Pessimistic) / 3. - PERT is a weighted average that favors the Most Likely estimate: (Optimistic + 4*Most Likely + Pessimistic) / 6. - The divisor '6' in the PERT formula represents the sum of the weights (1+4+1), a common exam trap. - Exam questions use keywords like 'weighted average' or 'beta distribution' to signal the use of PERT. - The choice between PERT and triangular formulas is a frequent confusion point tested on the CAPM exam. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep