There arevarious ways of forecasting the schedule and cost o

There arevarious ways of forecasting the schedule and cost of a project. You knowthat the forecasting techniques that you use and their accuracy willaffect the CIO’s perspective on your work. Your CIO would now like foryou to address the following issues in a presentation for the variousstaff members involved in the project:What are the advantages of inflating a project based on PERT estimating or incorporating risk?What are the disadvantages of inflating a project based on PERT estimating or incorporating risk?How does this technique compare with estimating or forecasting techniques you have used in the past?