Effort-Based Project Forecasting
In a perfect world, a project plan would have all the tasks identified, estimated, linked and scheduled. All resources (effort and materials) would be identified and assigned to tasks with accurate cost data. Accurate task completion information would be provided to the project manager, and mathematical formulas would derive the current project status, completion forecasts and even estimated resources needed to get the project back in control.
Generally speaking, we're pretty good at identifying and estimating the necessary tasks, relying on the expertise provided by the senior technical resources. Most of the time we'll identify all dependencies between tasks, and with external events, so we end up with a neat project schedule.
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