Welcome to this interactive video for Project Control Professional Level 6 students on forecasting. This session supports K29: using forecasting techniques for cost and schedule outturns, and applying predictive statistical analysis plus engineering knowledge to forecast work-to-complete early enough to take action.
In this video, you’ll learn:
What “outturn” means and why early forecasting protects cost and schedule performance
Core forecasting techniques:
Trend-based forecasting (planned vs actual, productivity trends)
EAC-style approaches (forecast final cost using performance factors where relevant)
Schedule forecasting using critical path, float erosion, and milestone trend analysis
Quantity-based forecasting (remaining quantities × production rates)
Predictive analysis in practice:
Using historical performance to build forecast ranges (best/most likely/worst)
Confidence bands, sensitivity checks, and scenario planning
Spotting leading indicators (procurement slippage, rework rates, access constraints)
Using engineering knowledge to forecast work-to-complete:
Scope maturity, constructability, interfaces, commissioning complexity
Realistic allowances for learning curves, constraints, and rework
How to communicate forecasts to stakeholders:
What leaders need (impacts, options, decisions)
What delivery teams need (drivers, actions, priorities)
Interactive features:
✅ quick checks | ✅ “choose the right forecast method” scenarios | ✅ pause-and-apply WTC prompts | ✅ mini trend interpretation tasks
Keywords (SEO):
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