Forecasting

Anonymous

Hi all,

Recently the question keeps being asked where I am currently contracting around forecasting accuracy and how we can improve upon our forecasts for costs, resources and work expected.

Presently I focus my efforts on my plan and also review and renew the plan as time moves forward. I use this to forecast changes in work, costs as well as resource requirements.

I would really like to know if any of you have any views and tips on forecasting.

Thanks

Posted: Jun 22, 2009 3:54 AM

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Al Taylor I.T. Contractor| Independent Waterloo, Ontario, Canada

Some of my current thoughts:

1. Publish the leanest plan that the stakeholders will allow

2. Check out rolling wave theory

good luck!

Posted: Jun 24, 2009 11:10 AM

Andrew Makar Program Manager| AMAKAR LLC Oakland Township, Mi, United States

Several years ago, I posted a tutorial on how to track your budget in Microsoft Project and support forecasting.

Real World Budget Tracking with Microsoft Project
http://www.gantthead.com/content/articles/218352.cfm

I created a separate MS-Project file just for budget management and assigned resources to "weeks" which were actual tasks in the plan.

It allowed me to do a lot of easy What IF analysis by extending dates, changing resource rates, etc.

Hope that helps.

Thanks!

Andy Makar
[email protected]
Learn how to EFFECTIVELY develop a project schedule

Posted: Jun 24, 2009 12:47 PM

Anonymous

Some good reading there!

Thanks!

Posted: Jun 25, 2009 4:53 AM

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Forecasting

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