Video - InEight Control - Static Manual Time Phased Forecast

TRANSCRIPT

Welcome to InEight Control.

This video demonstrates how to use Static Manual Time Phase Forecasting.

As a project progresses, project managers may want the flexibility to break down their forecasts into monthly time periods using time phase forecasting.

You can even have the system auto distribute your remaining forecast values based on your item start, and finish dates, and cost curve.

However, to avoid unexpected changes to your time phase forecast.

You may prefer to use the static manual time forecasting method.

So you can manually forecast our quantities, man hours, and costs for each month rather than having your monthly forecast distributed automatically.

To enable static manual time phase forecasting, go to settings.

The forecasting and push time phase forecast to live forecast Toggles must be set to on.

Back in control, to do a static manual forecast, select the cost items you want to forecast.

Then select actions, time phased forecasting.

Let's manually forecast our quantity for next month.

A prompt appears asking if we want to update the cost and man hours as well.

Click okay.

Our forecasted values are manually updated for the next month.

Once completed, click here to publish your changes.

A dialog box opens to double check your values before they push to the live forecast.

To enable static manual forecasting, make sure the do not redistribute manual spread, checkbox is selected.

This makes your manual change static, so the values entered remain as entered and are not automatically redistributed when actuals are incurred or months close.

Back on the CBS.

The forecast method for the CBS record automatically changes to a static manual time phase forecast, and the forecast remaining cost and forecast total cost change based on the distribution amount.

Notice this forecasting method is based on estimate at completion, This means as changes occur, your total forecast values will remain constant.

And only your remaining values will change

For example, let's say a new claim comes in from one of your items.

Note that your total forecast values remain the same.

But your remaining values are updated.

In time phase forecast, the claimed values deducted from the remaining forecast for the current month, and future months will not be impacted.

This ensures your manual forecast entries stay intact and are not automatically changed or redistributed.

Well, that covers Static Manual Time phase forecasting. Thanks for watching.