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Validating a model for forecasting the project termination phase using existing business cases

Author

Listed:
  • Nithin Saravana Marthandam
  • Ean H. Ng
  • Javier Calvo-Amodio
  • Chinmay Narwankar
  • Luis A. Barroso

Abstract

Studies on project failure and its subsequent termination phase are scarce; studies that use a quantitative approach are almost nonexistent. This is most likely because organizations usually do not collect data on project failures, are unable to share such data, or a combination of both. The contribution of this article is twofold: to (1) showcase a methodology to validate a model using actual business cases and (2) validate a project termination phase forecast model (PTPFM) using the methodology. The model is validated through four business cases, comparing the results from the model to the decisions made in reality.

Suggested Citation

  • Nithin Saravana Marthandam & Ean H. Ng & Javier Calvo-Amodio & Chinmay Narwankar & Luis A. Barroso, 2019. "Validating a model for forecasting the project termination phase using existing business cases," The Engineering Economist, Taylor & Francis Journals, vol. 64(2), pages 142-166, April.
    • Handle: RePEc:taf:uteexx:v:64:y:2019:i:2:p:142-166
    DOI: 10.1080/0013791X.2018.1555299
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