Base PM forecasts on primary forecast estimates

You can set an option for a project that enables you to use the project's primary forecast estimate to calculate PM forecasts for the project in WIP schedules, as follows:

  • PM forecast cost at completion

    For projects that have primary forecast estimates, the PM forecast cost at completion for each project is calculated based on estimate entries in the project's primary forecast estimate. Estimate entries are included if they have a workflow type of original, revision, or approved change.

    For projects that do not have primary forecast estimates, the PM forecast cost at completion is set to zero.

  • PM forecast cost to complete

    This is calculated based on the PM forecast cost at completion.

  • PM forecast pct complete (%)

    This is calculated based on the PM forecast cost at completion.

You can also set up WIP Management so that new WIP schedule projects that you add to WIP schedules have this feature enabled by default.

For projects that have this feature enabled, you can update the project's PM forecasts in a WIP schedule by selecting Update PM forecasts based on primary forecast estimate.

Subscription

Construction

Projects
Regional availability
  • Australia
  • Canada
  • United Kingdom
  • United States
User type

Business

Construction Manager

Project Manager
Permissions

Projects

  • Projects: List, View, Add, Edit
  • WIP management: List, View, Add, Edit

Enable the feature for current WIP schedule projects

  1. Go to Projects > Setup > WIP schedule projects.
  2. Select projects to update.

    If you select a large number of projects, processing can be slow. We recommend selecting fewer than 500 projects at a time.

    You can add project-related columns to the grid to make it easier to filter the list and find projects. Learn how to change the list display, including adding and removing columns.

  3. Select Set PM forecasts > Enable basing PM forecasts on primary forecast estimate.

    For each of the selected projects, a checkmark appears in the Uses primary forecast field, indicating that the option is set for the project.

    At any time, you can clear the setting so PM forecasts cannot be calculated based on a project's primary forecast estimate. To do so, select Set PM forecasts > Clear setting.

Enable the feature by default for new WIP schedule projects

  1. Go to Projects > Setup > Configuration.

  2. In the Work in progress (WIP) management section, select Enable basing PM forecasts on primary forecast estimates.

    After this option is selected, by default WIP schedule projects that you add to WIP schedules are set up so you can base PM forecasts on the projects' primary forecast estimates. Selecting this option does not affect projects that are already included in WIP schedules.

  3. Select Save.