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Trend analysis

Trend analysis is the widespread practice of collecting information and attempting to spot a pattern. In project management trend analysis is widely used in monitoring and control project work under the measurement process domain. .

Using trend analysis, we try to forecast. Trend analysis is an integral part of Earned Value Management . While monitoring and controlling projects, trend analysis is used to forecast expected cost of completion and date of completion (Earned Value Management).

Other examples of trend analysis within projects

  • Schedule forecast
  • Defect trend analysis during the testing phase of the projects
  • Sprint Burn down charts, which helps to analyze the trends of estimate to complete the iteration
  • Release burn down charts
  • Risk trend analysis where the trend of the cumulative value of the probability x impact is monitored
  • Average velocity trend in agile project management
  • Monte Carlo analysis for defect trend analysis