How does VersionOne calculate the forecast completion date?
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Background
How does VersionOne calculate the 'forecast' release completion date?
Answer
The following table describes the input fields used manually calculate the predicted release date.
Field Inputs | Calculations |
Periods | It's helpful to start by calculating period start and end dates. Period 1 Start Date = Start Date (from inputs) Period 2 Start Date = Period 1 Start Date + Period (from inputs) ...And so on |
Remaining Estimate | Remaining Estimate = Open Estimate as of current date PLUS any Closed Estimate that has been closed in the Current Period
|
Projected Velocity | Projected Velocity = Average of Closed Estimate in the previous 3 completed periods
|
Additional Periods to Completion (let's call this number N) | Additional Periods to Completion = Remaining Estimate / Projected Velocity
|
Forecast Completion | Forecast Completion = End Date of the Nth period
|
Other items of note |
Optional Section with a screenshot or video. |