PsychoHAistoryResearch Initiative

Research track R04

Project Outcome Prediction

Can historical execution data improve predictions of project success, duration and cost?

Status: Planned A research hypothesis — not a claim of proven functionality.

Hypothesis

Models using historical execution features produce better-calibrated duration ranges than expert estimates and naive reference-class baselines, measured prospectively.

Proposed methodology

  • Register predictions in a Prediction Ledger before outcomes are known.
  • Compare against reference-class and expert baselines.
  • Score with proper scoring rules; publish per model version.

Required data

  • Completed project histories with planned vs. actual dates and costs.
  • Feature windows frozen at prediction time.

Evaluation metrics

  • Interval coverage (does the 80% range contain the outcome 80% of the time?).
  • Brier score and CRPS.
  • Improvement over baselines.

Current status

Planned. No data has been collected and no experiment has been registered for this track.

Known uncertainties

  • Projects change scope; outcomes are hard to define.
  • Too few comparable projects may exist in any one organization.

Source references

  • Brier, G. W. (1950). Verification of forecasts expressed in terms of probability. Monthly Weather Review 78(1).
  • Gneiting, T. & Raftery, A. E. (2007). Strictly proper scoring rules, prediction, and estimation. JASA 102(477).

Related concept notes