In anticipation of his upcoming conference presentation, Predictive Analytics for Project Management – Cost Avoidance, at Predictive Analytics World Boston, Sept 27-Oct 1, 2015, we asked Scott Lancaster, Vice President at State Street Corp., a few questions about his work in predictive analytics. Q: In your work with predictive analytics, what behavior do your models predict? A: I use the Putnam model for estimating project cost/effort, duration, size, and productivity at a certain level of quality. This model is used for project management and is based on the Rayleigh distribution curve. Q: How does predictive analytics deliver value at your organization? What is
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