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We show how to characterize the parameters of the S-curve labor profile in terms of the cost and schedule.

We validate the predictions of our theoretical model against a real-world project, and the agreement between theory and practice provides preliminary empirical validation of the theory and shows that it is possible to create a theory of project management that has immediate practical benefits.

In practice, EAC has been shown to be reliable and work well (Vanhoucke & Vandevoorde, 2006; Christensen, 1993).

However, why should such a narrow (i.e., linear) theory work so well when real-world labor curves are usually presented as S-shaped?

Keywords: project management theory; S-curves; labor profiles; cost and schedule prediction.Thus, we are able to establish a relation between the theoretical structure of the project and practical quantities, such as the cost and schedule.Different theoretical structures behave differently over time. Paper presented at Project Management Institute Research and Education Conference, Phoenix, AZ. It is rarely explained that the ubiquitous estimate at completion (EAC) assumes a linear cumulative labor curve. Project management theory: deriving a project's cost and schedule for its network structure.

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