Validating a model for forecasting the project termination phase using existing business cases

Nithin Saravana Marthandam, Ean H. Ng, Javier Calvo-Amodio, Chinmay Narwankar and Luis A. Barroso

The Engineering Economist, 2019, vol. 64, issue 2, 142-166

Abstract: Studies on project failure and its subsequent termination phase are scarce; studies that use a quantitative approach are almost nonexistent. This is most likely because organizations usually do not collect data on project failures, are unable to share such data, or a combination of both. The contribution of this article is twofold: to (1) showcase a methodology to validate a model using actual business cases and (2) validate a project termination phase forecast model (PTPFM) using the methodology. The model is validated through four business cases, comparing the results from the model to the decisions made in reality.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:taf:uteexx:v:64:y:2019:i:2:p:142-166

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DOI: 10.1080/0013791X.2018.1555299

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