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Four-casting for Early and Accurate Predictability

Publication No
IR291-2
Type
Excel spreadsheet
Publication Date
Dec 01, 2013
Pages
103
Research Team
RT-291
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Today’s projects are planned and executed in highly dynamic market environments. Projects are affected, either positively or negatively, by variability in worker productivity, material availability and price fluctuations, unforeseen changes in design
Key Findings
Predictability enables project teams to address project performance proactively and in a timely manner, through proper management decisions, and thus increase value to the organization. Predictability is an effective risk mitigation mechanism. (IR291-2, p. 9)

IR291-2, Four-Casting for Early Predictability

Use for continuous assessment during execution. Provides an assessment of severity or negative impact of 85 elements on predictability. This model addresses each of the four practice categories in separate chapters. Each chapter provides key “take away” findings, a list of potential predictability “de-railers,” and mitigation actions.

  • Continuous evaluation of project predictability practices
  • Project team member input
  • Highlights practices that need attention
Filters & Tags
Knowledge Area
Project & Program Management, Project Controls, Project Planning
Project Phase
Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup
Project Function
Project Management, Architects & Engineering, Project Controls, Construction, Commissioning & Startup, Health, Safety & Environmental, Risk Management, Quality Management
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Improving the Predictability of Accurate Project Outcomes
Keywords
Predictability, Cost/Schedule, Forecasting, Management Processes, Earned Value Management (EVM), Change Management, Contingency Management, Risk Management, Business Drivers, Commissioning & Startup, rt291

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