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The Predictability Index — Benchmarking Project Outcome Predictions

Publication No
IR291-3
Type
Excel spreadsheet
Publication Date
Jan 01, 2014
Pages
15
Research Team
RT-291
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
CII established Research Team 291 to help project teams produce more reliable project cost and schedule forecasts. To do this, the team worked to isolate the factors that promote accurate, timely, and consistent project outcome predictions. Having suc
Key Findings

IR291-3, The Predictability Index – Benchmarking Project Outcome Predictions

Use this tool at project completion to provide a quantitative assessment of accuracy and timeliness of cost and schedule forecasts.

  • Benchmarking predictability performance
  • Quantitative and objective measure
  • Timeliness and accuracy of cost and schedule forecasts
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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