The fact is that the distinguishing characteristic of the planning done now for a future wave is that both cost accounts and network tasks are "long" (or "large") compared to their near-term counterparts. We have already discussed the long task in this discussion. Project managers can substitute the words "large cost account" for "long task" and all of the statistical discussions apply, except that the principles and techniques are applied to the cost accounts on the WBS and not to the network schedule.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.