FORECASTS

Forecasting is used to update the current forecast of a project. This will determine the new Estimate-At-Completion (EAC) for the project.

 

The main processes within Forecasts are:

 

  1. Setup the forecast
  2. Time-phase the forecast
  3. Submit the forecast

Full Forecasts (17 minutes)

This covers all topics in a single video. You can watch the individual topics in shorter videos, broken up into the following sections.

Download the Full Forecasts Guidebook: Click Here

Breakout Video #1 – How do I setup the forecast for a project (8 minutes)

Download the Guidebook: Click Here

Download the Training Example: Click Here

 

This video will cover:

  • Quick terminology/background
  • Select the forecast method
  • Update the $-values

Breakout Video #2 -How do I time-phase the forecast for a project? (7 minutes)

Download the Guidebook: Click Here

Download the Training Example: Click Here

 

This video will cover:

  • Setup the time-phasing method
  • Spread the ETC across the appropriate months
  • (Optional) Correct any errors

Breakout Video Setup #3 – How do I submit the forecast for a project? (2 minutes)

Download the Guidebook: Click Here

Download the Training Example: Click Here

 

This video will cover:

  • Submit
  • Confirm auto-approval