How to Use Earned Schedule for Schedule Forecasting

Earned Schedule is a variant of Earned Value which we believe to be very applicable in schedule forecasting. As a relatively new method it is not yet fully approved by all practitioners and Bodies of Knowledge. However because the approach is simple and sound, as well as easily understandable by team members, we do recommend to use it to challenge schedule forecasts rather than Earned Value. Our new White Paper 2016-05 ‘How to Use Earned Schedule’ expands on the do’s and don’t of Earned Schedule.

Earned Value Illustration

Earned Value Illustration for Forecasting

Earned Schedule has been formalized in 2004 by Walter Lipke and further developed in his book ‘Earned Schedule’.

Earned Schedule provides a more tangible and stable schedule productivity measurement compared to Earned Value. It is expressed in time units, which is also a benefit.

Earned Schedule provides a more tangible and stable schedule productivity measurement compared to Earned Value. As such it is a very useful tool to use by the practitioner to measure schedule productivity and challenge completion dates accordingly. Read our Our new White Paper 2016-05 ‘How to Use Earned Schedule’ to understand better the approach.

Find all these principles of Advanced Project Scheduling exposed in a comprehensive manner in our new Handbook, Advanced Scheduling Handbook for Project Managers: coverAdvanced Scheduling Handbook for Project Managers (now published – click on the link to see it on Amazon!)

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