Page 53 - Participant Guide - Unanet GovCon Analyzing Project Metrics

Corrective Action (Reforecast)

The concept of reforecasting a project’s future efforts includes adjusting the upcoming
people assignments and expense budgets. In this example, the plan has been
determined to remain valid. Thus, this corrective action of adjusting the future hours,
staff, and expense budgets is a common practice.

Reasons to reforecast include the result of key metrics (hours, revenue, profitability) are
outside of the approved thresholds or the team is aware of future changes to resources
and or requirements.

The process of reforecasting includes the following recommended steps.

1. Decide on your reforecasting method

2. Update people assignments and expense budgets

3. Analyze updates using metric reports

4. Documenting the actions

This ‘reforecasting’ method to control the project works well when project teams
perform regularly scheduled reviews and then makes required adjustments
during the project review.

TIP: Configure a People Assignment Grid and/or the Expense Budgeter Grid to include
the remaining periods for the project and use the Forecast Dashboard to update to
multiple projects at the same time.

Reforecasting Methods
There are likely other ways to determine who and what you want to reforecast to get
your project back into alignment. Below are two options that have been used by many
customers and included in the course material for you to practice.

Adjustments based on PM Insight

Project team leads/managers may already know what changes the project needs such
as updates to users, hours, expenses, etc. In this case, the outcome of the changes
may result in the project’s key metrics being outside of the accepted threshold.

Lesson 6: Controlling Project Performance
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