Forecasting

Mario Vanhoucke

Chapter Chapter 5 in Integrated Project Management and Control, 2014, pp 57-75 from Springer

Abstract: Abstract One of the primary tasks of a project manager is making decisions about the future during project progress. EVM systems are designed to follow up the performance of a project and to act as a warning signal to take corrective actions in the (near) future. Forecasting the total project cost and the time to completion is crucial to take corrective actions when problems or opportunities arise and hence, the performance measures will be mainly used as early warning signals to detect these project problems and/or opportunities.

Keywords: Performance Factor; Mean Absolute Percentage Error; Forecast Accuracy; Future Performance; Forecast Method (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-319-04331-9_5

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