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FORECASTING IN PROJECT MONITORING SYSTEM BASED ON
THE CONCEPT OF EARNED SCHEDULE
Dr. Bolton Sebastien, Budapest University of Technology and Economics, Hungary
Sebastien×met.BME.HU
Dr. Largely Babes,
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What is forecasting in project monitoring?
Forecasting in project monitoring is the process of estimating or predicting future outcomes and performance based on historical data and current project progress.
Who is required to file forecasting in project monitoring?
The project manager or the project monitoring team is responsible for filing forecasting in project monitoring.
How to fill out forecasting in project monitoring?
To fill out forecasting in project monitoring, the project manager or monitoring team needs to analyze project data, estimate future project performance, and document the findings in a forecast report.
What is the purpose of forecasting in project monitoring?
The purpose of forecasting in project monitoring is to provide insights into future project outcomes, identify potential risks or issues, and support decision-making in project management.
What information must be reported on forecasting in project monitoring?
The forecasting report in project monitoring typically includes estimated project completion dates, expected cost and resource requirements, risks and mitigation strategies, and any foreseeable changes to project scope or objectives.
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