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Predictive analysis and mitigation of risks in project management [video]

1 点作者 micheda超过 1 年前

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micheda超过 1 年前
Author here, happy to answer any questions! Accompanying description for the video:<p>Together with Oxford Global Projects, we have built a family of forecasting models for S-curves using data from a total of 2,700 years of combined construction activity, with an aggregate cash flow of USD 60bn.<p>The S-curve in project management is a graphical representation that illustrates the cumulative progress of a project over time. It is called an &quot;S-curve&quot; because its characteristic shape resembles the letter &quot;S&quot;: It starts slowly, accelerates, and then levels off.<p>Project delays and budget overruns are often linked with anomalies within the expenditure profile, like a sluggish burn rate or unexpectedly high spending towards anticipated project completion. Timely identification of these anomalies empowers proactive intervention to realign projects on the path to success.<p>This short video shows how we&#x27;re modelling expenditure curves to enable many use cases, including spending projections, cost overruns and underruns, outlier analysis, and more.