1. Others
  2. Government Contracting
  3. Manage projects

Manage project forecasts

If you have created a project from a project quotation, forecasted costs can be added automatically to your project. You can manually add additional forecasted costs to your project. Use this process to manage costs on your project to avoid issues when actual costs are made.


Project manager Project manager Project managers provide direct labor needs, labor of efforts, scope, approve billings, cost estimates, etc. Start Start Review project forecasts Review project forecasts Use the All forecasts option to see everything or utilize the various other options to review the forecast created from the project quotation. Click on the indirect cost tab to view the estimated indirect cost allocation per forecast line. Procedure 1. Go to Project management and accounting > Projects > All projects. 2. In the list, find and select the desired record. 3. On the Action pane, on the Plan tab, in the Forecast group, click the relevant option. Edit project forecasts Edit project forecasts You can edit project forecasts and then generate indirect costs. As an example, in this topic, the hours forecast is edited. Procedure 1. Go to Project management and accounting > Projects > All projects. 2. In the list, find and select the project. 3. On the Action Pane, click Plan. 4. Click Hour forecasts. 5. Click New. 6. In the list, mark the selected forecast line. 7. In the Category field, enter or select a value. 8. In the Hours field, enter a number. 9. Click the Financial dimensions tab. 10. In the Department value field, enter or select a value. 11. Click the Overview tab. 12. Click the Indirect costs tab. 13. Click Save. End End

Activities

Name Responsible Description

Review project forecasts

Project manager

 		Use the All forecasts option to see everything or utilize the various other options to review the forecast created from the project quotation. Click on the indirect cost tab to view the estimated indirect cost allocation per forecast line.

Edit project forecasts

Project manager

You can edit project forecasts and then generate indirect costs. As an example, in this topic, the hours forecast is edited.

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