Choose one technique from each of the major forecasting categories (numerical/statistical, simulation, earned value analysis, and/or ad hoc), and discuss in detail.

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 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. This is a group project so my portion will be the first bullet (Create training materials for the project office.) and the major forecasting technique I will need to have worked on is (numerical/statistical.)

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