A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts.
Written by Elizabeth Harrin from RebelsGuideToPM.com.
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How to you predict what’s going to happen on your project, from the perspective of performance? The infographic below shows a few different metrics and performance measures that you can use to forecast future performance – helpful if you want to know what your project’s results might look like before the end of the project, so you can make better decisions about what to do and how to use your time and budget effectively.
For more information about estimate to complete, estimate at completion, variance at completion and to-complete performance index, you can have a look at the PMI guidance on EVM and the ANSI Standard. Regression analysis and throughput analysis are other methods you could use.
Infographics can only give a very headline view, so there’s a lot more to say about each of these! Which of these forecasting calculations do you use? Or do you forecast using something different?
Posted on: November 09, 2021 08:00 AM |
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