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An empirical project forecasting accuracy framework using project regularity

delete2023-03-23
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PRE
AI
P
Paulo André de Andrade
M
Mario Vanhoucke *
A
Annelies Martens
DOI:10.1007/s10479-023-05269-7delete
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摘要

摘要

En 中文
Forecasting an ongoing project's actual duration is an essential aspect of project management which received considerable attention in the research community. In studies using Earned Value Management forecasting, it has been argued that the network topology is a driver to indicate the accuracy of these forecasts. However, a new project indicator has been recently defined, i.e. the project regularity, which reflects the value accrue according to the plan. It has shown to outperform the serial/parallel network topology indicator in specifying the accuracy of project forecasts. This paper introduces a novel way to define the project regularity, which provides project managers with an improved indication of the expected forecasting accuracy for their projects. The study is carried out on an empirical database consisting of 100 projects from different sectors, and the results are compared to the academic literature. The experiments show that the new indicator provides a better categorisation compared to the existing approaches. Further, they have shown that the ability of project categorisers to indicate the expected forecasting accuracy is affected by industry sector and project size.
Keyword:
Project management
Project forecasting
Earned value management
Forecasting accuracy
Empirical database
Project regularity
Earned duration management

期刊

Annals of Operations Research 封面图
Annals of Operations Research
IF:
4.5
论文数:
8.1K
被引数:
2.1W

机构

G
Ghent University
学者数:
5.2W
论文数: 4.5W
被引数: 5.5W
Vlerick Business School 封面图
Vlerick Business School
学者数:
230
论文数: 282
被引数: 674
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