Reference Class Forecasting (RCF) and its application to Project Controls

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Reference Class Forecasting (RCF) and its application to Project Controls

June 12, 2023 @ 12:00 pm

Presentation – RCF can be used to provide more accurate forecasting based on past data. In this webinar, Tahir will explain the background to this method and provide three past examples which include cost, time and productivity related scenarios.

RCF is a useful technique and most project controls professionals can benefit from its use. These days we are surrounding by data. Our projects are constantly producing information in the form of metrics. These metrics can then be used to forecast and predict a range of successful outcomes, thus providing more confidence.

In addition to providing forecasts, RCF can also help with risk management on projects.

Speaker – Dr Tahir Hanif – FCIOB FAPM FACostE FIC FRICS – Principal PMO & Project Controls Consultant – Costain Advisory

An experienced project management professional lead with 35 years’ experience of project delivery gained in the UK and Middle East. Tahir has been involved with the delivery of projects for clients in the Government, Nuclear, IT, Banking, Retail, Infrastructure, Military and Hospitality sectors.

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