Part 192: Schedule Forecasts
(OUTPUT Project Schedule Management: Control Schedule)

  • A Schedule Forecast is a prediction of events in the project’s future
  • As we execute the project, we continue to obtain more information
  • We use the project’s past performance to predict future performance and update the Forecast
  • We also update the Forecast based the expected effect of corrective and preventative action
  • Derived from the Computed Time Estimate to Complete (ETC)
  • Express as Schedule Variance (SV) or Schedule Performance Index (SPI)
  • Use the forecast to determine if the project is within tolerance ranges/identify change requests