Forecast Completion Date

13 Oct Forecast Completion Date

There are several techniques and methods to forecast a project’s finish date. Here are three of them:

1- Forecast Date from Schedule
2- Risk based, probabilistic Forecast date
3- Forecast date based on the performance, using EVM formulas (earler or later than No.2)

These could be explained as per the following:

1- Project would finish on the Schedule’s date, if everything goes as per the plan. What is a chance of having everything as per the plan?
2- Project would finish on P70/P80 date if the registered risks negatively impact the activities as quantified.
3- Project would finish, if it continues as per the past performance. But project most likely will not continue with the same trend.

Surly, each of these three methods plays its own role to assist PM and Project. But, imagine explaining these to a project team who is not very familiar with the concepts. They are inclined to be more confusing than assisting.

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