Project Forecast Options

You can establish forecast default settings for all new projects at the project business unit level. You can later override the settings at the individual project level. To set the forecast defaults, you can:

• Select the forecast level that determines whether you forecast hours at the project or activity level.

• Select a standard rate of employee, job code, or project role to indicate which default rate value to use to forecast costs and revenue.

  For example, you can select the standard rate that is established for the resource's job code as the default value.

• Indicate whether forecasts require project manager approval before forecasts can be used by PeopleSoft Program Management for inclusion in cost and revenue forecasts.

  Note:

  Forecast data is available for utilization calculations, with or without approval.