Cost Forecasting Overview

Cost forecasts are used in conjunction with revenue forecasts to achieve an accurate profitability analysis, helping you to make more informed decisions about your business.

Cost Forecasting enables you to:

• Obtain details of profit margins for a more complete overview of the financials on a project
• Control project budgets more accurately

When a cost forecast is run, if there is a related revenue forecast, the records are linked and values such as the margin are calculated. Related revenue forecasts are those in the same time period, with the same project and milestone, if applicable.

For general background information, such as custom objects used, required permissions, exchange rates, and rounding of values, see Forecasting Basics.