Your company has seen important internal projects go off track during execution. After-the-fact analysis has revealed the common factors of inadequate controls and unremarkable but unexpected problems. Senior management now believes that developing and implementing a set of standard control processes, integrated with both planning and execution, will raise success rates.

In a 6-10 page training document, complete the following:

• Create training materials for the project office.
• Indicate what controlling measures should be taken at each phase of a project.
• Provide a survey of important forecasting techniques.
• Outline limitations and pitfalls of the various forecasting techniques.
• Choose one technique from each of the major forecasting categories (numerical/statistical, simulation, earned value analysis, and/or ad hoc), and discuss in detail.