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. 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
- Burn down charts, which helps to analyze the trends of estimate to complete the iteration
- Risk trend analysis where the trend of the cumulative value of the probability x impact is monitored