Figure 3: Forecasting curve for Sample Project
As Figures 2 and 3, the forecasting results show for EV and AC. According the baseline the project should be finished on Oct, but analysing shows the project will be over budget also overtime. So, this prediction can help to management team before any happened find a solution, and it helps to project success. Those forecasting information automatically
will generate by the software at any specific time when needed.
According above routine procedure the software
can do this calculation for each project easily. It used for more than 10 projects and in Table 4, some of the calculated result is shown. It is shown 5 projects just for considering, but the method should be same for all projects. At last line, the Match parameter used to compare the project result and calculated result for each project. As shown, this method is more accurate and use of this method should be very useful for forecasting time and cost for projects.
Table 4) Result analysing for project forecasting