Predictive analysis uses historical records to predict future trends or outcomes. That got me thinking; could that be applied to timesheet records? The most common field for predictive analysis is credit reporting, where lenders hope to predict a buyer’s ability to pay.
Do you have a 900 credit score? Me neither…
So, back to timesheet data… What could we possibly learn from predictive analysis of timesheet records? Here are some possibilities:
- Cost and duration of certain projects in your portfolio
- Employee contributions to strategic projects
- Typical project contribution histogram overlaid on today’s projects