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The budget should have been entered when the project was initially created. It reflects the stakeholders’ expectations of the project costs when the project was approved. The forecast will capture the current financial estimates based on the project schedule just developed.
To define the financial forecast:
- Click the Financials tab.
- Click +New Cost.
- Complete the New Cost form. The Name and Financial Category are mandatory.
- Click the Generate Transactions button.
- Enter the Amount to distribute and the forecast Start date and Number of months
- Next, click Generate to have the forecast spread across the desired dates.
- Edit any individual monthly amount to contour the forecast.
- Click + Add Transaction to add additional months to the forecast.
- Enter the Date and Forecast.
Download Job Aid: Completing the project plan