Question: Forecasts predict future project status and progress based on past information and trends. How long will it take to finish the project based on how

Forecasts predict future project status and progress based on past information and trends. How long will it take to finish the project based on how things are going? How much more money will be needed to complete the project?• Project managers can also use earned value management, as described earlier in this chapter, to answer these questions by estimating the budget at completion and the projected completion date based on how the project is progressing.

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