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Which is more important Accuracy or Precision?

edited July 2017 in Project Management

I recently did a blog post on the difference between Accuracy and Precision.

Accuracy is an assessment of correctness, whereas Precision is a measure of exactness.

You can read that post here:

Accuracy vs Precision

One of the points addressed in the post was - Which is more important Accuracy or Precision?

My opinion is that there’s no hard and fast rule when it comes to Accuracy and Precision. The project management team decides the appropriate level of Accuracy and Precision desired on their project. Generally speaking, a good balance of Accuracy and Precision is desirable.

I would like to know what others think on this. Looking forward to some good insights from the experts out there.

Thanks in advance.

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