Preparing Forecast Data

To prepare forecast data, complete these tasks:

  1. Create a project.
  2. Enter project expenses (either directly or by drivers), and then from the Actions menu, select Calculate Expenses.
  3. Enter project revenue (either directly or by drivers), if appropriate for your project, and then from the Actions menu, select Calculate Revenues.
  4. Prepare forecast data by copying data from the Plan scenario to the Forecast scenario using one of these two methods:
    • Approve the project: Click Project Summary Project Summary icon, then the vertical tab for the project type, and then Project Details. Select the project, and then from the Actions menu, select Approve Project.
    • Copy data from the Plan scenario to the Forecast scenario: Click Project Summary Project Summary icon, then the vertical tab for the project type, and then Project Details. From the Actions menu, select Copy Projects. Specify details for source and target scenario and version, and then click Launch.
  5. Prepare forecast data by copying Actual data to the Forecast scenario: From the Home page, click Rules Rules icon, and then Prepare Detailed Forecast Data. Specify details for the entity, projects, Plan scenario and version, and the months and years that contain Actual data, and then click Launch.

Now the Forecast scenario includes Actuals for the specified months and year, and Plan data for the rest of the future periods. Any data that was previously in the Forecast scenario is now in Prior FCST.