Forecast

In the Forecast section of the Forecast setting, you can configure the percent complete threshold from a straight-line calculation and select to have mandatory notes when using a manual forecast.

Percent complete value at which delta from straight line calculation utilizes average performance

By configuring the value of the % complete value at which delta from straight line calculation utilizes average performance field, you can determine the equation used for the Delta from Straight-Line column depending on if those cost items have their % complete greater than or less than the value set in configurations.

Changing the threshold and impacting the formula is necessary because when a cost item has not been sufficiently completed, the actuals data is not yet reliable enough to predict the final anticipated cost (forecast cost) of that scope of work, so a different equation should be used until that cost item has been sufficiently completed.

For example, if the threshold is 3% complete, and a cost item is less than 3%, then delta from straight line = Forecast total cost - CB total cost. Once the cost item has reached 3% complete, then the calc switches to Forecast total cost - Average performance total cost.

Mandatory notes for manual forecasts

You can set manual forecast notes to be mandatory for Manual (EAC) and Manual (ETC) forecasts when switching to a manual forecast type. This feature helps to keep track of manually entered forecasts. You can use the notes to explain the forecast. For example, you can enter a rationale for why a manual forecast is being used.

To set notes to be mandatory set the Mandatory notes for Manual forecasts toggle to On. When manually forecasting, notes are required to be entered in the Forecast notes are required dialog box. Once confirmed, the notes are captured, and the forecast method automatically changes to Manual.