Question: Forecasts are always based on quantitative models that use historical data to forecast future demand. True False Project scheduling serves all the following purposes EXCEPT

Forecasts are always based on quantitative models that use historical data to forecast future demand.

True False

Project scheduling serves all the following purposes EXCEPT which one?

A. It encourages the setting of fuzzy time and cost estimates for each activity.
B. It shows the relationship of each activity to others.
C. It identifies the precedence relationships among activities.
D. All of these are true.
E. It shows the relationship of each activity to the whole project.

A good tracking signal has about as much positive error as it has negative error.

True False

A good tracking signal has no positive or negative error.

True False

A product's position in its life cycle has no bearing on the forecasted demand for the product.

True False

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