The Project Management Tool Kit, 3rd Edition

CONTROL PROCESS

27

Forecasting Project Completion

	What:	Using predictive and diagnostic project metrics to estimate project completion.
	When:	Project execution.
	Results:	Realistic project expectations based on credible forecasts of budget, schedule, and other project trends.

Some projects reassess project completion with each cycle of project variance analysis and communicate it as part of routine communications management, while other projects do it less frequently, as part of project reviews or with other periodic high-level project analysis.

Verify Project Status

The first step in assessing project completion is to establish a credible picture for the project. Assemble current accurate schedule, effort consumption, cost, ...