Forecast

This program is used to review costs to date and forecast costs to complete.

The first time the Forecast is used for a contract you will need to Refresh Forecast. This provides the platform for the forecasting. A field on this Client Contract screen records the last time that the Forecast was refreshed.

Once the Forecast is refreshed the Client Contract screen under the Forecast Tab provides a summary of the Forecast.

Refresh Forecast
Updates the Current Budget, Actual Cost, Outstanding Commitments from current data. The Additional Risk is updated from the previous forecast.

Uncommited Work
Is calculated as balance of current budget or is manually entered.

Forecast Period
The current default period. As the Forecast is a snapshot at Month End you can view other Forecast periods.

Include Margin
If a Margin Work Centre is in use you can elect to include this in the forecast.

Review Forecast
Use this function to drill into the detail