Wednesday, June 19, 2013

Notifiblog: Forecasting - It's not just for meterorologists!

​One of the duties of project management in my company is to provide a monthly forecast of expected expenditures as each project matures. Forecast is so much nicer a term than well-educated guess.

Simply put, (from Wikipedia): "Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed." Couldn't have said it better myself!

Here in the Pacific Northwest, meteorologists are celebrities. We enjoy an overall mild climate, but we still like to think we know what to expect from our often grey skies. It's not enough to look outside a window!

The Canadian band, The Guess Who, would never have reached such popularity if they had called themselves "The Forecast Who." I'm convinced.

So what kind of day will we have today? I forecast a good one!

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