Discussion Question:
Please provide at least a 250 word response, utilizing references from the text and/or supplemental reading. Please also be sure to respond to at least two of your peers on the forum.
One of the more important things that a project manager must be able to do is to estimate. Obviously, no one is perfect when they estimate. Anyone reading this discussion question can obviously think back to times when they’ve guessed correctly…and perhaps made entirely the wrong estimate in whatever prognostication you were asked to execute. To that end, think about the times in which you were closest to the mark. Invariably, it’s not an accident when you choose correctly. Other than the presence of a simply lucky guess, the best estimation comes as a result of a thoughtful approach. 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.
Discussion Question:
Please provide at least a 250 word response, utilizing references from the text and/or supplemental reading. Please also be sure to respond to at least two of your peers on the forum.
In further exploring methodologies in forecasting and project planning you had a chance to explore in the readings what methodologies 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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