"fresh" forecast in cost plan or Budget

[Patrick Moysan]

Hi,

I'm somehow frustrated by the forecast of a cost plan or budget and I would like to see if I'm mistaken
Notice that I'm using the new UI but I guess it's the similar to the old UI.

For what I understand:

• In the budget, monthly forecast correspond to actual (past month) or to what was planned (incoming month) at cost plan submission date.
• In the cost plan, monthly forecast correspond to actual (past month) or to planned (incoming month).

I like to be able to compare the budget with what really happened and what is now reforecasted : what was planned long time ago don't interest me so much because I have updated my planning and move some activities, remove a resource ...  project life
Same with a cost plan.

It seems that what I want to achieve is not available in product (I may be wrong) and I'm wondering if I'm mistaken or I didn't understood the way to use correctly cost plan and budget.

Any comment?

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Patrick
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[Praneeth Desur]

Hi Patrick,

From what I understand, you should be able to track Budget to Forecast variation from the Budget plan in the new UX.

When you go to the approved budget plan and switch to 'Budget To Forecast' view, then you should be able to see actuals to date compared with the budget and the forecast column with the remaining forecast for the rest of the project.

Example screenshot below:

Let me know if my understanding is incorrect.

Regards,

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Praneeth Desur
Clarity PPM Specialist
Toyota Finance Australia
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[Patrick Moysan]

Hi Praneeth,

You are right by saying that forecast view provide you the actual but my concern is for the "non actual" (i.e. incoming month).
I would expect that the forecast correspond to a fresh forecast and it corresponds to the forecast that was defined at budget submission date.
For example, if you revise a project cost plan 1 month after the budget was approved and you won't see the forecast updated in the budget plan : you still see the forecast that was defined 1 month ago.

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Patrick
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