This lesson covers the concept of accuracy versus precision. Accuracy is hitting your target whereas precision is being concise. This lesson offers a whiteboard diagram illustrating these two concepts. [toggle_content title="Transcript"] The next concept you have to understand is accuracy versus precision. Accuracy is hitting your target. These are two bulls' eyes. Accuracy will be going within your range of set goals. Precision is being concise. These set of shots are precise, they are consistent, they are always heading in this general area but they are not accurate because they are not hitting the bulls eye. Accuracy is a matter of hitting this general area. Here is an example of not being precise but you are being pretty accurate. Here is an example of not being accurate but you are being very precise because you are hitting constantly in that one area. [/toggle_content]
Project Management Professional (PMP) - PMI
Our online PMP training course educates on how to initiate, plan and manage a project, as well as the process behind analyzing risk, monitoring and controlling project contracts and how to develop schedules and budgets.