Q1 One of the more important things that a project manager has to be able to do is to estimate. Obviously no one is perfect when they estimate. In the readings in this learning module you had the opportunity to explore the methodologies that significantly reduced estimating error. For this discussion question describe these methodologies. Articulate also how these methodologies can be used in the world of work today and how it can ultimately lead to a reduction in errors and a maximization of opportunity.

Q2 In further exploring methodologies in forecasting and project planning you had a chance to explore in the readings what methodologies actually make a difference in being able to predict costs and opportunities. In this discussion question describe forecasting methodologies and how they can ultimately be utilized to improve on the fortunes of those companies that become adroit with this skill set. How can it strategically advantage the organization? What are key factors for implementation?

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Q1 So as to estimate measurement error the origins of this error ought to be determined There are four sources of measurement error namely design enumerators and data processing extra data gathering m... View the full answer