Grand Canyon Forecasting Technique Detailed Planning and Control Paper

User Generated

Whyvrgn2108

Business Finance

Grand Canyon University

Description

In a 2-page (minimum) paper, compare and contrast the following forecasting techniques. What are the differences in detailed planning and control, tactical planning, and strategic planning? Provide at least one example of each planning technique. What are the differences between top down and bottom up planning? Give a specific example of when you would use each approach.

Draw content from at least 3 recent (no more than 5 years old) scholarly articles and include real-world examples. Your essay should follow APA format and be at least 1 page in length, not including title or reference pages.

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Explanation & Answer

Attached.

Running head: Planning and Forecasting

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Planning and forecasting
Students’ name
Instructor
Institution affiliation
Date

Planning and Forecasting

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Abstract

Planning starts with forecasting on various aspects required to actualize the project goals.
Preparation also involves project analysis, which consists in preparing project descriptions and
specifications. However, there are different types of planning, and they are implemented
differently. This essay will differentiate the types of planning then offer examples of planning
technique.

Planning and Forecasting

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Introduction

When a plan is created, project managers are faced with a binary decision to choose the
type of forecasting to settle on. Each planning technique is different from the other. Benefits and
drawbacks exist in all methods. If a planner makes the wrong choice of plan, it can lead to
project disorganization. Apt planning...


Anonymous
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