Exercise 1 — Forecasting

Now that you have covered all the functions of forecasting, it is time to perform your own forecasts. Utilizing the forecasting methods you have learned, practice creating forecasts as indicated below. You can use your own project (if available) or the training project used in this lesson.

1. From the Control main page, select the CBS tab.

2. Change to a view that contains the Forecasts data block.

3. Save a new forecast.

4. Update the forecasts of cost items of your choice to practice using each of the following Forecast Methods:

   • Current Budget

   • Average Performance

   • Manual EAC (based on costs or hours)

5. Send your forecast to a person.

6. Note the differences.

Congratulations, you have completed this exercise!