Patent ID: 8775229

Claim:
A computer-implemented method of correcting a project schedule that includes forecast completion times for a plurality of milestones associated with one or more tasks, comprising: analyzing the project schedule to determine a time differential for a completed milestone of the plurality of milestones, wherein the time differential is determined by calculating a difference between a forecast completion time for the completed milestone and an actual completion time for the completed milestone; calculating a past correction factor for an incomplete milestone of the plurality of milestones by dividing an actual time taken to complete the incomplete milestone by a time originally scheduled for the incomplete milestone; extrapolating one or more correction factors based on the time differential for the completed milestone and the past correction factor for the incomplete milestone; calculating, via a processor, an adjusted forecast completion time for the incomplete milestone based on the extrapolated one or more correction factors; correcting the project schedule based on the adjusted forecast completion time for the incomplete milestone; and specifying an updated forecast completion time for the incomplete milestone.