Problem:
There are various ways of forecasting the schedule and cost of a project. You know that forecasting techniques you use and their accuracy will affect the CIO's perspective on your work. Address the following issues:
Pros and cons of inflating a project based on PERT estimating or incorporating risk. (1-2 paragraphs)
How does this compare with estimating or forecasting techniques you have used in the past? (1-2 paragraphs)