Title | ||
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Sequence Mining for Business Analytics: Building Project Taxonomies for Resource Demand Forecasting |
Abstract | ||
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We develop techniques for mining labor records from a large number of historical IT consulting projects in order to discover clusters of projects exhibiting similar resource usage over the project life-cycle. The clustering results, together with domain expertise, are used to build a meaningful project taxonomy that can be linked to project resource requirements. Such a linkage is essential for project-based workforce demand forecasting, a key input for more advanced workforce management decision support. We formulate the problem as a sequence clustering problem where each sequence represents a project and each observation in the sequence represents the weekly distribution of project labor hours across job role categories. To solve the problem, we use a model-based clustering algorithm based on explicit state duration left-right hidden semi-Markov models (HsMM) capable of handling high-dimensional, sparse, and noisy Dirichlet-distributed observations and sequences of widely varying lengths. We then present an approach for using the underlying cluster models to estimate future staffing needs. The approach is applied to a set of 250 IT consulting projects and the results discussed. |
Year | Venue | Keywords |
---|---|---|
2007 | DMBiz@PAKDD | Sequence Mining,project-based workforce demand forecasting,historical IT consulting project,mining labor record,project life-cycle,IT consulting project,Resource Demand Forecasting,Business Analytics,advanced workforce management decision,clustering result,project labor hour,model-based clustering algorithm,Building Project Taxonomies,meaningful project taxonomy |
Field | DocType | Citations |
Data science,Business analytics,Demand forecasting,Knowledge management,Analytics,Sequential Pattern Mining,Business | Conference | 4 |
PageRank | References | Authors |
0.49 | 6 | 3 |
Name | Order | Citations | PageRank |
---|---|---|---|
Ritendra Datta | 1 | 2526 | 104.69 |
Jianying Hu | 2 | 478 | 35.52 |
Bonnie Ray | 3 | 46 | 4.17 |