Measuring schedules is not new. Using this graphical tool, that allows you to quickly monitor performance to the initial plan and check key drivers that can take you off course, is a new technique for many organizations.
The best way to estimate the probability of success is a combination of internal factors and an understanding of the competitive structure of the market environment. Triangulation provides the most reliable guidance with the least effort.
Companies are producing the wrong results, because they’re measuring the wrong things. If you want to ensure long–term success use short-term predictive metrics to quickly inform you that you’re on the right path.