Use revenue forecasting to enter estimate-to-complete (ETC) revenue in summary or across calendar periods at any level of the project structure, for regular projects. Compare planned and ETC revenue against your contract, job-to-date (JTD) earned revenue, contract backlog, estimated, or weighted fees to ensure that revenue is properly allocated across the remaining periods.

Revenue forecasting enables one to accurately forecast revenue for each regular project, in order to better understand one's revenue in future periods across your organization. Revenue forecasts are only supported for projects with a charge type of regular because one does not earn revenue on those with a charge type of promotional or overhead. One can view revenue forecast information on the Project Forecast report.
To use revenue forecasting, one must have the Resource Planning module. One must also set the Allocation Method to Use Revenue Forecasts on the Estimated Fee tab in Hubs > Projects > Contract Management.

 

Knowledge Base Reference Number: KBA #109817