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| forecasting in project management: Forecasting and Management of Technology Alan L. Porter, 1991 Consistently practical in its coverage, the book discusses general issues related to forecasting and management; introduces a variety of methods, and shows how to apply these methods to significant issues in managing technological development. With numerous exhibits, case studies and exercises throughout, it requires only basic mathematics and includes a special technology forecasting TOOLKIT for the IBM and compatibles, along with full instructions for installing and running the program. |
| forecasting in project management: Software Project Estimation Dimitre Dimitrov, 2019-08-01 In Software Project Estimation, author Dimitre Dimitrov extrapolates upon the most crucial steps in accurately and meaningfully forecasting the timeline and specs of promised deliverables to clients. A client’s positive experience with project delivery and implementation is a software organization’s calling card in the industry. The lifespan of a software project—from ideation to final installation—introduces dozens of potential pitfalls for a company’s track record, earnings, and overall team morale. However, these “pitfalls” are also opportunities to showcase strengths and to improve an organization’s product quality, and it all starts with project estimation. Reliable forecasting continues to present a challenge to even the most veteran teams and software development organizations. Dimitrov sets out to ease these common difficulties with invaluable methodology improvements and helpful visuals from his years of industry experience. Project managers—through harnessing the power of hard data and statistics—have a new world of impactful forecasting at their fingertips. This approach brings security, predictability, and motivation within the team, while simultaneously greatly benefiting client trust and relationships. Software Project Estimation clarifies the common misunderstandings that materialize between making a promise, making a plan, and building a forecast backed by data. Learn how to create an intelligent software project forecast and use it to make timely decisions, apply measured project control, and confidently steer your ship toward your goals with Software Project Estimation. What You Will Learn Concepts related to software estimation, forecasting, and project controlWays in which you can positively affect the relationships among team members working on a software delivery projectHow to apply this forecasting model, within both agile and waterfall teams who have adopted sound engineering practices Who This Book is For This book is directly relevant to the roles of scrum masters and project managers, and provides practical tools for intelligent project control. The book is also valuable for business people who want insight into the type of problems that delivery teams face, and for programmers and other delivery team members who want to gain an understanding of the project manager’s day-to-day challenges. |
| forecasting in project management: Forecasting Fundamentals Nada Sanders, 2016-11-14 This book is for everyone who wants to make better forecasts. It is not about mathematics and statistics. It is about following a well-established forecasting process to create and implement good forecasts. This is true whether you are forecasting global markets, sales of SKUs, competitive strategy, or market disruptions. Today, most forecasts are generated using software. However, no amount of technology and statistics can compensate for a poor forecasting process. Forecasting is not just about generating a number. Forecasters need to understand the problems they are trying to solve. They also need to follow a process that is justifiable to other parties and be implemented in practice. This is what the book is about. Accurate forecasts are essential for predicting demand, identifying new market opportunities, forecasting risks, disruptions, innovation, competition, market growth and trends. Companies can navigate this daunting landscape and improve their forecasts by following some well-established principles. This book is written to provide the fundamentals business leaders need in order to make good forecasts. These fundamentals hold true regardless of what is being forecast and what technology is being used. It provides the basic foundational principles all companies need to achieve competitive forecast accuracy. |
| forecasting in project management: Forecasting and Simulating Software Development Projects Troy Magennis, 2011-10-25 Forecasting and Simulating Software Development Projects explains how to effectively model Kanban and Scrum projects to get accurate forecasts of cost, delivery dates and staff requirements. Modeling using Monte-carlo simulation allows rapid what-if analysis to find options that minimize cost and delivery time, whilst maximizing revenue. Simulation lets you hit target delivery dates, and shows the impact of hiring (or losing) staff with certain skillsets, taking software project leadership to a new level of maturity. Target audience and key takeaways - Project Managers: Understand modeling and forecast projects, and how to simulate those models to answer questions regarding delivery dates, cost, and staffing needs. Development Managers and Team Leads: Understand how to reduce the amount of estimation required for cost and date forecasts, and determining what development events cause the most impact. Executive Leadership: Understand how multiple teams can co-ordinate their forecasts in a methodical way, and provide a consistent approach to risk management and decision making. Venture Capital Investors: Understand how to obtain reliable cost and date forecasts for potential investments and how to compare different software project investment portfolios. Topics include - Simulating Scrum and Kanban project methodologies Forecasting the probability of hitting delivery date & costs Hiring the right team size and skill mix Creating visual animations and videos to sell solutions to others Finding what model inputs are critical to delivery date Effective (and minimal) story estimation and grouping strategies Capturing the project deliverables and story backlog Modeling development events: defects, added scope and blocking events Reverse engineering real-world data to improve model accuracy |
| forecasting in project management: Forecasting: principles and practice Rob J Hyndman, George Athanasopoulos, 2018-05-08 Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning. This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly. |
| forecasting in project management: Forecasting and Management of Technology Alan L. Porter, Scott W. Cunningham, Jerry Banks, A. Thomas Roper, Thomas W. Mason, Frederick A. Rossini, 2011-07-12 Published in 1991, the first edition of Forecasting and Management of Technology was one of the leading handful of books to deal with the topic of forecasting of technology and technology management as this discipline was emerging. The new, revised edition of this book will build on this knowledge in the context of business organizations that now place a greater emphasis on technology to stay on the cutting edge of development. The scope of this edition has broadened to include management of technology content that is relevant to now to executives in organizations while updating and strengthening the technology forecasting and analysis content that the first edition is reputed for. Updated by the original author team, plus new author Scott Cunningham, the book takes into account what the authors see as the innovations to technology management in the last 17 years: the Internet; the greater focus on group decision-making including process management and mechanism design; and desktop software that has transformed the analytical capabilities of technology managers. Included in this book will be 5 case studies from various industries that show how technology management is applied in the real world. |
| forecasting in project management: The Fast Forward MBA in Project Management Eric Verzuh, 2015-11-09 The all-inclusive guide to exceptional project management The Fast Forward MBA in Project Management is the comprehensive guide to real-world project management methods, tools, and techniques. Practical, easy-to-use, and deeply thorough, this book gives you answers you need now. You'll find the cutting-edge ideas and hard-won wisdom of one of the field's leading experts, delivered in short, lively segments that address common management issues. Brief descriptions of important concepts, tips on real-world applications, and compact case studies illustrate the most sought-after skills and the pitfalls you should watch out for. This new fifth edition features new case studies, new information on engaging stakeholders, change management, new guidance on using Agile techniques, and new content that integrates current events and trends in the project management sphere. Project management is a complex role, with seemingly conflicting demands that must be coordinated into a single, overarching, executable strategy — all within certain time, resource, and budget constraints. This book shows you how to get it all together and get it done, with expert guidance every step of the way. Navigate complex management issues effectively Master key concepts and real-world applications Learn from case studies of today's leading experts Keep your project on track, on time, and on budget From finding the right sponsor to clarifying objectives to setting a realistic schedule and budget projection, all across different departments, executive levels, or technical domains, project management incorporates a wide range of competencies. The Fast Forward MBA in Project Management shows you what you need to know, the best way to do it, and what to watch out for along the way. |
| forecasting in project management: Principles of Forecasting J.S. Armstrong, 2001 This handbook summarises knowledge from experts and empirical studies. It provides guidelines that can be applied in fields such as economics, sociology, and psychology. Includes a comprehensive forecasting dictionary. |
| forecasting in project management: Microsoft Project 2019 Step by Step Cindy M. Lewis, Carl Chatfield, Timothy Johnson, 2019-04-23 The quick way to learn Microsoft Project 2019! This is learning made easy. Get more done quickly with Microsoft Project 2019. Jump in wherever you need answers–brisk lessons and informative screenshots show you exactly what to do, step by step. Other Project users will want to grab this book as well. Quickly start new plans, build task lists, and assign resources View resource capacity and track progress Capture and fine-tune work and cost details Visualize schedules with Gantt charts and other views and reports Consolidate projects, and share resources across plans Manage modern Agile projects (James Mills, Jr., contributor) Customize Project to maximize your efficiency Leverage improvements to task linking, timelines, and accessibility Master PM best practices while you learn Project Look up just the tasks and lessons you need |
| forecasting in project management: Industrial Project Management Adedeji Badiru, Abidemi Badiru, Adetokunboh Badiru, 2007-08-13 Book of the Month Award---Industrial Engineering Magazine Whatever your business, getting the work done on time can make or break your organization. The faster the world moves, the more this becomes important. The expanding utility and relevance of project management has lead to its emergence as a separate body of knowledge embraced by various disc |
| forecasting in project management: Forecasting Hans Levenbach, Leonard J. Tashman, James P. Cleary, 2006 FORECASTING: PRACTICE AND PROCESS FOR DATA MANAGEMENT focuses on how forecast managers and planners create forecasts for products and services for their business. The text addresses both the macroeconomic forecasting procedures used by economists as well as the specific product-level forecasting techniques that are now widely used by sales and operations planning organizations in corporations. |
| forecasting in project management: Future Ready Steve Morlidge, Steve Player, 2010-02-19 The recent crisis in the financial markets has exposed serious flaws in management methods. The failure to anticipate and deal with the consequences of the unfolding collapse has starkly illustrated what many leaders and managers in business have known for years; in most organizations, the process of forecasting is badly broken. For that reason, forecasting business performance tops the list of concerns for CFO's across the globe. It is time to rethink the way businesses organize and run forecasting processes and how they use the insights that they provide to navigate through these turbulent times. This book synthesizes and structures findings from a range of disciplines and over 60 years of the authors combined practical experience. This is presented in the form of a set of simple strategies that any organization can use to master the process of forecasting. The key message of this book is that while no mortal can predict the future, you can take the steps to be ready for it. ’Good enough’ forecasts, wise preparation and the capability to take timely action, will help your organization to create its own future. Written in an engaging and thought provoking style, Future Ready leads the reader to answers to questions such as: What makes a good forecast? What period should a forecast cover? How frequently should it be updated? What information should it contain? What is the best way to produce a forecast? How can you avoid gaming and other forms of data manipulation? How should a forecast be used? How do you ensure that your forecast is reliable? How accurate does it need to be? How should you deal with risk and uncertainty What is the best way to organize a forecast process? Do you need multiple forecasts? What changes should be made to other performance management processes to facilitate good forecasting? Future Ready is an invaluable guide for practicing managers and a source of insight and inspiration to leaders looking for better ways of doing things and to students of the science and craft of management. Praise for Future Ready Will make a difference to the way you think about forecasting going forward —Howard Green, Group Controller Unilever PLC Great analogies and stories are combined with rock solid theory in a language that even the most reading-averse manager will love from page one —Bjarte Bogsnes, Vice President Performance Management Development at StatoilHydro A timely addition to the growing research on management planning and performance measurement. —Dr. Charles T. Horngren, Edmund G. Littlefield Professor of Accounting Emeritus Stanford University and author of many standard texts including Cost Accounting: A Managerial Emphasis, Introduction to Management Accounting, and Financial Accounting In the area of Forecasting, it is the best book in the market. —Fritz Roemer. Leader of Enterprise Performance Executive Advisory Program, the Hackett Group |
| forecasting in project management: Forecasting Spyros G. Makridakis, Steven C. Wheelwright, 1978 A Wiley/Hamilton publication. Includes bibliographies and index. |
| forecasting in project management: The Oxford Handbook of Project Management Peter W. G. Morris, Jeffrey K. Pinto, Jonas Söderlund, 2012-07-19 The Oxford Handbook of Project Management presents and discusses leading ideas in the management of projects. Positioning project management as a domain much broader and more strategic than simply 'execution management', this Handbook draws on the insights of over 40 scholars to chart the development of the subject over the last 50 years or more as an area of increasing practical and academic interest. It suggests we could be entering an emerging 'third wave' of analysis and interpretation following its early technical and operational beginnings and the subsequent shift to a focus on projects and their management. Topics dealt with include: the historical evolution of the subject; its theoretical base; professionalism; business and societal context; strategy; organization; governance; innovation; overruns; risk; information management; procurement; relationships and trust; knowledge management; practice and teams. This handbook is of particular relevance to those interested in the research issues underlying project management. |
| forecasting in project management: Performance-Based Project Management Glen Alleman, 2014-02-13 Even the most experienced project managers aren’t immune to the more common and destructive reasons for project collapses. Poor time and budget performance, failure to deal with complexity, uncontrolled changes in scope . . . they can catch anyone off guard. Performance-Based Project Management can help radically improve your project’s success rate, despite these and other obstacles that will try to take it down. Readers will discover how they can increase the probability of project success, detailing a step-by-step plan for avoiding surprises, forecasting performance, identifying risk, and taking corrective action to keep a project a success. Project leaders wishing to stand out among their peers who are continually hampered by these unexpected failures will learn how to:• Assess the business capabilities needed for a project• Plan and schedule the work• Determine the resources required to complete on time and on budget• Identify and manage risks to success• Measure performance in units meaningful to decision makersBy connecting mission strategy with project execution, this invaluable resource for project managers in every industry will help bring projects to successful, career-enhancing completion. |
| forecasting in project management: Project Management, 2nd Edition Patel Bhavesh, 2012 The book discusses all the issues related to Project Management. Strategic considerations, recognition of the human factor and need for administrative set-up are interwoven in this book while developing the main theme of the financial side of project management. New in this Book 1. New chapters titled 'Infrastructure Projects and Project Financing' have been added 2. 'Economic and Social Cost Benefit' and 'Network Analysis and Execution Plan' have been enriched with additional material 3. Components of interest rates has been elaborated and the concepts of cost of capital and required rate of return built on it 4. More examples and real cases and enhanced diagrammatic explanation 5. Chapterization scheme has been revised in the line of phases of project life cycle 6. References, footnotes and web links have been added to give readers access to extra material for further reading Key Features 1. Strategy, human aspect, administrative issues and system approach have been integrated in a single thread without compromising on conceptual clarity and simplicity 2. Use of spreadsheet has been extensively explained in chapters where it is most applicable 3. A continuous case has been built around the theme of each chapter throughout the book |
| forecasting in project management: Project Management Adedeji B. Badiru, 2011-12-12 As organizations realize the benefits of PM, the need to develop effective management tools rises with the increasing complexity of new technologies and processes. Taking a systems approach to accomplishing goals and objectives, Project Management: Systems, Principles, and Applications covers contemporary tools and techniques of PM from an established pedagogical perspective. A project can be simple or complex. In each case, proven PM processes must be followed with a world systems view of the project environment. While on-the-job training is possible for many of the PM requirements, rigorous and formal training must be used. Consequently, PM resources are of high utility. This text fills the void that exists in the availability of PM resources. Although individual books dealing with management principles, optimization models, and computer tools are available, there are few guidelines for the integration of these three areas for PM purposes. This book integrates these areas into a comprehensive guide to PM. It introduces the triad approach to improve the effectiveness of PM with respect to schedule, cost, and performance constraints within the context of systems modeling. It provides details on an integrated systems PM approach that can help diminish the adverse impacts of these issues through good project planning, organizing, scheduling, and control. CRC Press Authors Speak Adedeji B. Baduri speaks about his book. Watch the video |
| forecasting in project management: Revolutionizing Project Management Avery Harrison, 2023-11-24 Revolutionizing Project Management: Harnessing the Power of Artificial Intelligence is a cutting-edge guide designed to help project managers, professionals, and enthusiasts navigate the rapidly evolving landscape of AI-driven project management. As the world becomes increasingly interconnected and technology continues to advance at an unprecedented pace, artificial intelligence has emerged as a game-changing force capable of transforming project management practices and empowering professionals to achieve greater success. In this comprehensive book, you'll discover the potential of AI to revolutionize project management across various domains, from intelligent project scoping and resource allocation to AI-powered risk analysis and mitigation. We start by laying a solid foundation, introducing you to the concepts of artificial intelligence, its history, and its relevance to project management. As we progress through the chapters, we'll uncover the myriad ways AI can optimize project management processes, enhance team communication, and drive better decision-making within project teams. Key topics covered in the book include: The fundamental concepts of artificial intelligence, its history, and its relevance to project management. The evolution of project management, traditional vs. modern approaches, and the role of technology in shaping the discipline. The intersection of AI and project management, exploring opportunities, challenges, and the impact of AI on project management functions. AI-driven techniques for intelligent project scoping, optimal resource allocation, and risk analysis and mitigation. The critical role AI plays in enhancing team communication, collaboration, and conflict resolution, including AI-assisted meeting scheduling and management, natural language processing, and sentiment analysis. The ethical considerations surrounding AI in project management, including data privacy, security, and the potential implications of AI-driven decision-making on human employment. Practical guidance on how to integrate AI into your project management practices, identifying the essential steps for successful AI implementation and offering real-life case studies and examples to illustrate the transformative power of AI in project management. With its in-depth exploration of AI's transformative potential and practical guidance on integrating AI into project management practices, Revolutionizing Project Management: Harnessing the Power of Artificial Intelligence is an indispensable resource for project managers and professionals seeking to stay ahead of the curve in an increasingly competitive and technologically advanced world. Whether you are a seasoned project manager or just beginning your journey in the world of project management, this book aims to equip you with the knowledge and insights necessary to harness the full potential of AI and revolutionize the way you manage projects. Don't miss the opportunity to explore how AI can elevate your project management skills and deliver exceptional results in this fast-paced, technology-driven era. Order your copy today and embark on this exciting journey into the future of project management. |
| forecasting in project management: Demand Forecasting for Managers Stephan Kolassa, Enno Siemsen, 2016-08-17 Most decisions and plans in a firm require a forecast. Not matching supply with demand can make or break any business, and that's why forecasting is so invaluable. Forecasting can appear as a frightening topic with many arcane equations to master. For this reason, the authors start out from the very basics and provide a non-technical overview of common forecasting techniques as well as organizational aspects of creating a robust forecasting process. The book also discusses how to measure forecast accuracy to hold people accountable and guide continuous improvement. This book does not require prior knowledge of higher mathematics, statistics, or operations research. It is designed to serve as a first introduction to the non-expert, such as a manager overseeing a forecasting group, or an MBA student who needs to be familiar with the broad outlines of forecasting without specializing in it. |
| forecasting in project management: Project Management Kimmons, 2017-11-22 Highlighting the practical side of real-life project execution, this massive reference stresses project management as an independent profession--detailing the varied applications where project management is used and examining the numerous and diverse project management responsibilities and tools. |
| forecasting in project management: Practical Cost Control Handbook for Project Managers - 2nd Edition Jeremie Averous, 2020-05-30 Keep Control of your Large, Complex Projects. Proper Cost Control and Forecasting must support the Project Manager's decision making; unfortunately, that is still rarely the case. This handbook explains how to improve significantly the odds of maintaining projects under control and taking the right decisions at the right time. |
| forecasting in project management: Handbook of Research on Technology Project Management, Planning, and Operations Kidd, Terry T., 2009-05-31 This book provides a compendium of terms, definitions and explanations of concepts, processes and acronyms that reflect the growing trends, issues, and applications of technology project management--Provided by publisher. |
| forecasting in project management: Inventory Planning with Forecasting Expenditure Sanjay Sharma, 2022-03-06 In industrial or business cases, purchasing and procurement are significant functions. Usually, a procurement plan is prepared based on certain predictions of consumption patterns or demand. When this plan is implemented, the benefit is obtained corresponding to forecast accuracy. In the available literature, forecasting accuracy is frequently discussed. A need is established to link forecasting accuracy with forecasting expenditures. After an explicit inclusion of the forecasting expenditure, this book describes inventory planning for procurement and production. FEATURES Discusses forecasting expenditure in detail Provides an analysis of reduction and increase in forecasting expenditures Highlights advanced concepts that include procurement inventory, production planning, and priority planning in detail Examines an approach in relation to the inclusion of an explicit cost of forecasting Covers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examples Inventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses. |
| forecasting in project management: Management Science, Operations Research and Project Management José Ramón San Cristóbal Mateo, 2016-05-06 Due to its societal and economic relevance, Project Management (PM) has become an important discipline and a concept critical to modern organizations, public and private. PM as an academic discipline is discussed both in Management Science and in Operations Research. Management Science tends to focus on quantitative tools and the soft skills necessary to manage projects successfully. Operations Research gives the essential scientific contribution to the success of project management through the development of models and algorithms. In Management Science, Operations Research and Project Management, José Ramón San Cristóbal Mateo fills the gap between scientific research and the practical application of that research. Project managers need formal training in decision-making but sometimes, they do not have an in-depth knowledge of Operations Research or they lack the necessary theoretical background. This book, with its focus on the quantitative models of Operations Research and Management Science applied to Project Management, provides project managers with the tools and methods necessary to manage projects successfully. Project managers operate in a complex global environment, in which numerous factors need to be considered, such as minimizing total project costs, meeting contracted dates, and ensuring that activities achieve certain quality levels. The focus here on the application of quantitative models of Operations Research and Management Science applied to Project Management provides them with the tools and methods necessary to make sound decisions. |
| forecasting in project management: Sales Forecasting Management John T. Mentzer, Mark A. Moon, 2004-11-23 Incorporating 25 years of sales forecasting management research with more than 400 companies, Sales Forecasting Management, Second Edition is the first text to truly integrate the theory and practice of sales forecasting management. This research includes the personal experiences of John T. Mentzer and Mark A. Moon in advising companies how to improve their sales forecasting management practices. Their program of research includes two major surveys of companies′ sales forecasting practices, a two-year, in-depth study of sales forecasting management practices of 20 major companies, and an ongoing study of how to apply the findings from the two-year study to conducting sales forecasting audits of additional companies. The book provides comprehensive coverage of the techniques and applications of sales forecasting analysis, combined with a managerial focus to give managers and users of the sales forecasting function a clear understanding of the forecasting needs of all business functions. New to This Edition: The author′s well-regarded Multicaster software system demo, previously available on cassette, has been updated and is now available for download from the authors′ Web site New insights on the critical area of qualitative forecasting are presented The results of additional surveys done since the publication of the first edition have been added The discussion of the four dimensions of forecasting management has been significantly enhanced Significant reorganization and updating has been done to strengthen and improve the material for the second edition. Sales Forecasting Management is an ideal text for graduate courses in sales forecasting management. Practitioners in marketing, sales, finance/accounting, production/purchasing, and logistics will also find this easy-to-understand volume essential. |
| forecasting in project management: Project Management, Planning and Control Albert Lester, 2007 This fifth edition provides a comprehensive resource for project managers. It describes the latest project management systems that use critical path methods. |
| forecasting in project management: Agile Management for Software Engineering David J. Anderson, 2003-09-17 A breakthrough approach to managing agile software development, Agile methods might just be the alternative to outsourcing. However, agile development must scale in scope and discipline to be acceptable in the boardrooms of the Fortune 1000. In Agile Management for Software Engineering, David J. Anderson shows managers how to apply management science to gain the full business benefits of agility through application of the focused approach taught by Eli Goldratt in his Theory of Constraints. Whether you're using XP, Scrum, FDD, or another agile approach, you'll learn how to develop management discipline for all phases of the engineering process, implement realistic financial and production metrics, and focus on building software that delivers maximum customer value and outstanding business results.Coverage includes: Making the business case for agile methods: practical tools and disciplines How to choose an agile method for your next project Breakthrough application of Critical Chain Project Management and constraint-driven control of the flow of value Defines the four new roles for the agile manager in software projects—and competitive IT organizations Whether you're a development manager, project manager, team leader, or senior IT executive, this book will help you achieve all four of your most urgent challenges: lower cost, faster delivery, improved quality, and focused alignment with the business. |
| forecasting in project management: Advances in Business and Management Forecasting Kenneth D. Lawrence, Ronald K. Klimberg, 2011-11-16 Intends to present advanced studies in the application of forecasting methodologies to such areas as sales, marketing, and strategic decision making. This title includes topics such as: sales and marketing, forecasting, new product forecasting, judgmentally-based forecasting, the application of surveys to forecasting, and sales response models. |
| forecasting in project management: Agile Project Management with Scrum Ken Schwaber, 2004-02-11 The rules and practices for Scrum—a simple process for managing complex projects—are few, straightforward, and easy to learn. But Scrum’s simplicity itself—its lack of prescription—can be disarming, and new practitioners often find themselves reverting to old project management habits and tools and yielding lesser results. In this illuminating series of case studies, Scrum co-creator and evangelist Ken Schwaber identifies the real-world lessons—the successes and failures—culled from his years of experience coaching companies in agile project management. Through them, you’ll understand how to use Scrum to solve complex problems and drive better results—delivering more valuable software faster. Gain the foundation in Scrum theory—and practice—you need to: Rein in even the most complex, unwieldy projects Effectively manage unknown or changing product requirements Simplify the chain of command with self-managing development teams Receive clearer specifications—and feedback—from customers Greatly reduce project planning time and required tools Build—and release—products in 30-day cycles so clients get deliverables earlier Avoid missteps by regularly inspecting, reporting on, and fine-tuning projects Support multiple teams working on a large-scale project from many geographic locations Maximize return on investment! |
| forecasting in project management: Superforecasting Philip E. Tetlock, Dan Gardner, 2015-09-29 NEW YORK TIMES BESTSELLER • NAMED ONE OF THE BEST BOOKS OF THE YEAR BY THE ECONOMIST “The most important book on decision making since Daniel Kahneman's Thinking, Fast and Slow.”—Jason Zweig, The Wall Street Journal Everyone would benefit from seeing further into the future, whether buying stocks, crafting policy, launching a new product, or simply planning the week’s meals. Unfortunately, people tend to be terrible forecasters. As Wharton professor Philip Tetlock showed in a landmark 2005 study, even experts’ predictions are only slightly better than chance. However, an important and underreported conclusion of that study was that some experts do have real foresight, and Tetlock has spent the past decade trying to figure out why. What makes some people so good? And can this talent be taught? In Superforecasting, Tetlock and coauthor Dan Gardner offer a masterwork on prediction, drawing on decades of research and the results of a massive, government-funded forecasting tournament. The Good Judgment Project involves tens of thousands of ordinary people—including a Brooklyn filmmaker, a retired pipe installer, and a former ballroom dancer—who set out to forecast global events. Some of the volunteers have turned out to be astonishingly good. They’ve beaten other benchmarks, competitors, and prediction markets. They’ve even beaten the collective judgment of intelligence analysts with access to classified information. They are superforecasters. In this groundbreaking and accessible book, Tetlock and Gardner show us how we can learn from this elite group. Weaving together stories of forecasting successes (the raid on Osama bin Laden’s compound) and failures (the Bay of Pigs) and interviews with a range of high-level decision makers, from David Petraeus to Robert Rubin, they show that good forecasting doesn’t require powerful computers or arcane methods. It involves gathering evidence from a variety of sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. Superforecasting offers the first demonstrably effective way to improve our ability to predict the future—whether in business, finance, politics, international affairs, or daily life—and is destined to become a modern classic. |
| forecasting in project management: Measuring Time Mario Vanhoucke, 2009-10-09 Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented. |
| forecasting in project management: Data Analytics for Engineering and Construction Project Risk Management Ivan Damnjanovic, Kenneth Reinschmidt, 2019-05-23 This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts’ judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution. |
| forecasting in project management: Megaprojects and Risk Bent Flyvbjerg, Nils Bruzelius, Werner Rothengatter, 2003-02-13 Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is a fascinating account of how the promoters of multi-billion dollar megaprojects systematically and self-servingly misinform parliaments, the public and the media in order to get projects approved and built. It shows, in unusual depth, how the formula for approval is an unhealthy cocktail of underestimated costs, overestimated revenues, undervalued environmental impacts and overvalued economic development effects. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors. The authors not only explore the problems but also suggest practical solutions drawing on theory, experience and hard, scientific evidence from the several hundred projects in twenty nations and five continents that illustrate the book. Accessibly written, it will be the standard reference for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come. |
| forecasting in project management: Project Management Recipes for Success Guy L. De Furia, 2008-12-02 Grounded in practicality, this book explains the procedures for running a successful project and highlights the finer points of managing and controlling the project. Written specifically for those responsible for the hands-on managing of projects, it is also useful to program managers and senior executives. Project managers will gain the confidence that comes from following a good recipe for success. Program managers will gain a perspective on the myriad of activities their project managers must perform to achieve a well-disciplined project. |
| forecasting in project management: Fundamentals of Project Management James P. Lewis, 2002 Updated concepts and tools to set up project plans, schedule work, monitor progress-and consistently achieve desired project results.In today's time-based and cost-conscious global business environment, tight project deadlines and stringent expectations are the norm. This classic book provides businesspeople with an excellent introduction to project management, supplying sound, basic information (along with updated tools and techniques) to understand and master the complexities and nuances of project management. Clear and down-to-earth, this step-by-step guide explains how to effectively spearhead every stage of a project-from developing the goals and objectives to managing the project team-and make project management work in any company. This updated second edition includes: * New material on the Project Management Body of Knowledge (PMBOK) * Do's and don'ts of implementing scheduling software* Coverage of the PMP certification offered by the Project Management Institute* Updated information on developing problem statements and mission statements* Techniques for implementing today's project management technologies in any organization-in any industry. |
| forecasting in project management: Cost and Value Management in Projects Ray R. Venkataraman, Jeffrey K. Pinto, 2011-08-26 Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects. |
| forecasting in project management: Long-range Forecasting and Planning United States. Air Force Dept, 1967 |
| forecasting in project management: Practical Cost Control Handbook for Project Managers Jeremie Averous, 2014-06-24 Keep Control of your Large, Complex Projects! Already more than 1,000 copies sold to leading global project-driven companies! This must-have practical handbook for Large, Complex Projects originated in the trenches of actual project execution. It is not a heavy and detailed bible, but rather a practical reference for project practitioners to understand the principles and traps of Cost Control and Forecasting and be able to raise the right challenges to their teams. Proper Cost Control and Forecasting must support the Project Manager's decision making; unfortunately, that is still rarely the case. This handbook explains how to better implement these key processes, thereby improving significantly the odds of maintaining projects under control and taking the right decisions at the right time. |
| forecasting in project management: Entropy Application for Forecasting Ana Jesus Lopez-Menendez, Rigoberto Pérez-Suárez, 2020-12-29 This book shows the potential of entropy and information theory in forecasting, including both theoretical developments and empirical applications. The contents cover a great diversity of topics, such as the aggregation and combination of individual forecasts, the comparison of forecasting performance, and the debate concerning the tradeoff between complexity and accuracy. Analyses of forecasting uncertainty, robustness, and inconsistency are also included, as are proposals for new forecasting approaches. The proposed methods encompass a variety of time series techniques (e.g., ARIMA, VAR, state space models) as well as econometric methods and machine learning algorithms. The empirical contents include both simulated experiments and real-world applications focusing on GDP, M4-Competition series, confidence and industrial trend surveys, and stock exchange composite indices, among others. In summary, this collection provides an engaging insight into entropy applications for forecasting, offering an interesting overview of the current situation and suggesting possibilities for further research in this field. |
| forecasting in project management: Information Technology Project Management Jack T. Marchewka, 2015-02-13 The 5th Edition of Jack Marchewka's Information Technology Project Management focuses on how to create measurable organizational value (MOV) through IT projects. The author uses the concept of MOV, combined with his own research, to create a solid foundation for making decisions throughout the project's lifecycle. The book's integration of project management and IT concepts provides students with the tools and techniques they need to develop in this field. |
Forecasting - Wikipedia
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their …
What Is Forecasting? - IBM
Jul 22, 2024 · Forecasting is a method of predicting a future event or condition by analyzing patterns and uncovering trends in previous and current data. It employs mathematical …
Forecasting - Overview, Methods and Features, Steps
Forecasting refers to the practice of predicting what will happen in the future by taking into consideration events in the past and present. Basically, it is a decision-making tool that helps …
Six Rules for Effective Forecasting - Harvard Business Review
In describing what forecasters are trying to achieve, Saffo outlines six simple, commonsense rules that smart managers should observe as they embark on a voyage of discovery with …
Forecasting: Meaning, Nature, Planning and Forecasting, …
Jun 5, 2024 · What is Forecasting? Forecasting involves making educated guesses about future events that could affect a company. Businesses can predict sales, finances, customer …
Forecasting | Definition, Methods, Steps, & Limitations
Sep 7, 2023 · Financial forecasting is the act of estimating future financial outcomes for a business or an investment. It is a critical process in financial planning and decision-making. It …
Q&A: What Is Forecasting? Definition, Methods and Examples
Jun 6, 2025 · Forecasting is a method of making informed predictions by using historical data as the main input for determining the course of future trends. Companies use forecasting for …
Top 6 Types of Forecasting Models (+ Examples) - 10XSheets
Jul 12, 2023 · Forecasting models provide valuable insights into future trends and patterns, enabling organizations to allocate resources effectively, optimize inventory levels, manage …
What is Forecasting? Modern Techniques & AI Solutions | ketteQ
Feb 12, 2025 · Forecasting has come a long way in the last few decades, with gut feelings and educated guesses giving way to data-driven insights based on complex algorithms. …
What is a Forecast? - Forecasting Models Explained - AWS
Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future. It helps managers respond confidently to changes, control business operations, …
Forecasting - Wikipedia
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a …
What Is Forecasting? - IBM
Jul 22, 2024 · Forecasting is a method of predicting a future event or condition by analyzing patterns and uncovering trends in previous and current data. It employs …
Forecasting - Overview, Methods and Features, Steps
Forecasting refers to the practice of predicting what will happen in the future by taking into consideration events in the past and present. Basically, it is a decision …
Six Rules for Effective Forecasting - Harvard Busine…
In describing what forecasters are trying to achieve, Saffo outlines six simple, commonsense rules that smart managers should observe as they embark on a …
Forecasting: Meaning, Nature, Planning and Forecasting, Imp…
Jun 5, 2024 · What is Forecasting? Forecasting involves making educated guesses about future events that could affect a company. Businesses can …
