Forecasting revenue plays an important part in the financial management of a project and your organisation. This page runs you through the high-level steps of adding a financial forecast into Projectworks for the first time.
This is revenue forecasting. Think of a forecast as an indication of the amount that will be invoiced. Forecasts are entered within projects, against budget lines, within a month. So a forecast of $10,000 in May indicates the intention to raise an invoice in May for that amount.
The video below runs you through the basics of adding a forecast [2m:15]
- Finance forecasting (measured against budgets)
- Forecast Change Log
- Forecasting Reports (Projected Burn)