Forecasting Due Diligence Checklist
Checklist to be used as a guide to navigate the 5 stages of the 6 Sigma DMAIC project methodology.
- Mark all that apply.
- DEFINE
- Have you defined the project scope, objective, and schedule?
- Have you defined the project team members?
- Have you defined the stakeholders?
- Have you gained authorization from the necessary project executive sponsors?
- Have you assembled and trained the project team at a high level?
- An appropriate benchmark has been chosen?
- The Benchmark is based on statistical similar projects?
- Average/median practice was used instead of best practice?
- The benchmark has been compared to the forecast?
- The variance of the forecast has been compared to the benchmark variance?
- The forecast of ramp-up has been compared to the benchmark ramp-up?
- The data used to create the forecast ramp-up has been provided?
- The forecaster's track record has been reviewed and considered?
- Did the forecaster provide ex post data on actual forecasting accuracy?
- The available data for actual performance indicates accurate forecasts?
- There is no "Bad Press" on the forecaster?
- Further demand risks have been identified? Consider using PESTEL analysis:
- Political
- Economic
- Social
- Technological
- Environmental
- Legal
- The expected outcome based on the benchmark analysis has been calculated? The forecaster has been given the opportunity to respond to the analysis?
- The forecaster's response is factual and supported by evidence?
- The forecaster's response does not rely on the "uniqueness" of projects?
- The forecaster's response does not rely on the "confidentiality" of projects?
*As based on original work by Professor Bent Flyvbjerg
See also Business Case Checklist and Benefits Review Plan Checklist
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