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There Are No Differences in Strategic and Tactical Forecasting

question 63

True/False

There are no differences in strategic and tactical forecasting. A forecast is a mathematical projection, and its ultimate purpose should make no difference to the analyst.


Definitions:

Estimate to Complete

An updated projection of costs still required to complete all remaining project activities, considering current performance.

Budget at Completion

The total budget allocated for a project based on all estimated costs upon completion.

Schedule Variance

A project management metric indicating the difference between the planned and actual progress of a project.

Iodine-Potassium-Iodide

An aqueous solution made of iodine and potassium iodide used as a chemical indicator and antiseptic.

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