1. Job Cost Implementation Guide
  2. Creating Forecasts

Creating Forecasts

To create a forecast, use one of the following navigations:

  • On the Job Revenue and Cost Forecasting menu (G5124), select Forecast Detail Creation to create a forecast for detail records.

  • On the Job Revenue and Cost Forecasting menu (G5124), select Forecast Summary Creation to create a forecast for summary records.

  • On the Work with Forecasts form, select a forecast master record and select Create Forecast from the Row menu. The system determines if the forecast master record is summary or detail and then runs the appropriate forecast creation program; Forecast Detail Creation (R5111) or Forecast Summary Creation (R5112).

When you create a forecast, the system accesses the Cost Code Schedules program (P51901) to retrieve the beginning and end dates from the cost code records. The system calculates projected final, budget original, revised budget, and ETC for each line from the F0902 table and then calculates the spread according to either start and end dates on job record or on the cost code schedule.