Unit 4 – DB Description Primary Task Response: Write 400-600 words that respon

Unit 4 – DB
Description
Primary Task Response: Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear and use examples to reinforce your ideas.
There are various ways of forecasting the schedule and cost of a project. You know that the forecasting techniques that you use and their accuracy will affect the sponsor’s perspective on your work. Your project sponsor would now like for you to address the following issues in a presentation for the various staff members involved in the project:
What are the advantages of inflating a project based on the program evaluation review technique (PERT) estimation method?
What are the disadvantages of inflating a project based on PERT estimation?
How does this technique compare with the estimating or forecasting techniques that you may have used in the past?