Software Estimation: Demystifying the Black Art (Best Practices (Microsoft))

Tip #5 

Don't provide "percentage confident" estimates (especially "90% confident") unless you have a quantitatively derived basis for doing so.

Tip #6 

Avoid using artificially narrow ranges. Be sure the ranges you use in your estimates don't misrepresent your confidence in your estimates.

Tip #7 

If you are feeling pressure to make your ranges narrower, verify that the pressure actually is coming from an external source and not from yourself.

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