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Project Management Journal
Practical Application and Empirical Evaluation of Reference Class Forecasting for Project Management
Traditionally, project managers produce cost and time forecasts by predicting the future course of specific events. In contrast, reference class forecasting (RCF) bypasses human judgment by basing…
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Project Management Journal
A Bayesian approach to improve estimate at completion in earned value management
Forecasting represents a core project management process. Estimates at completion in terms of cost and schedule provide essential data and advice to the project team to lead and control the project…
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Project Management Journal
Earned value project management method and extensions
Earned value management (EVM) integrates three critical project management elements--cost, schedule, scope--into a system that enables project managers to effectively gauge project performance and…
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