Standard Deviation (σ) assesses EVM time and cost forecast stability, and is a dynamic evaluation tool for inflight projects. 3 mins read.
Mean Absolute Percentage Error / Mean Percentage Error assess EVM time and cost forecast method accuracy. 3 min read.
Eight-cost project forecasting methods exist, which rely on four possible performance factors and a general formula. 3 min read.
Nine-time project forecasting methods exist as a result of three forecast methods & three performance factors. 3 min read.
EVM systems forecast final project outcomes based on current & assumed future performance, & trigger early warning signals when baseline outcomes are exceeded.