Here is some data for Project "XYZ"

Budget	$ 5,276 thousand
Start Workday	7
Finish Workday	109
Reporting Day	34
Earned Value	$ 262 thousand
Planned Value	$ 364 thousand
Actual Cost	$ 741 thousand

Using a "Do-Nothing" forecast, estimate the extra amount of money that will need to be added to (or subtracted from) the budget, in thousands of dollars, rounded to the nearest integer number of thousands. The allowed error margin is 2% or 1 thousand dollars, whichever is larger.

Answer rating: 100% (QA)

DoNothing forecast technique is a very simple technique of forecasting In this technique of f... View the full answer