Video - InEight Control - Manual Forecasting

TRANSCRIPT

This video is an overview of manual forecasting in InEight Control.

When forecasting, you may need to set aside the built in forecasting methods and enter your total or remaining forecast values manually.

When doing manual forecasting, it's important to remember estimate at completion equals forecast total cost and forecast total man hours.

And estimate to completion equals forecast remaining cost and forecast remaining man hours.

In other words, your forecast total cost and man hours include your as built costs so far, plus your prediction of the work remaining.

And your forecast remaining costs and hours do not include your as-built costs far.

Those values only include your prediction of the remaining cost and hours.

To enter a forecast change manually, double click in the appropriate forecasting field and change the value.

Note that you'll forecast total costs has changed along with your forecast total unit costs.

And your forecast method has now changed to manual indicating you define the forecast manually.

A blue dot appears next to the value you entered.

Indicating that this is now the value driving all the forecast values that are affected.

You can manually enter a forecast in any of the following fields.

Perhaps you only want to forecast estimate to completion or the remaining costs and hours.

You can manually edit the forecast remaining costs, man hours, and productivity factor as well.

In this case, we know that a more experienced crew will be completing the remaining work based on our past experience, We predict that they will be more productive.

Double click in the forecast remaining man hours per unit and increase the value.

When prompted, you can choose which related values will be updated.

In this case, we'll select forecast remaining labor cost man hours, then click okay.

Note since you only adjusted the forecast remaining, the forecast method says manual ETC.

And the blue dot appears indicating where the change is made that is driving the other forecast values.

Well, that covers manual forecasting.

For more information on forecasting, check out our other forecasting videos.

Thanks for watching.