Running Revenue Forecasts

Note:

See Revenue Forecasting Permission Sets for details of the permissions you need to run a revenue forecast.

To run a revenue forecast:

1. Navigate to the project that you want to run the revenue forecast for.
2. Click Run Revenue Forecast.
3. Navigate to the Revenue Forecast section on the project page to check the status of the forecast in the Revenue Forecast Processing Status field:
• If a status of "Pending" or "Processing" is displayed, refresh the page to update the field until it shows "Complete".
• If a status of "Error" is displayed, check the Revenue Forecast Batch Logs related list to view the details.

Tip:

In some circumstances, a revenue forecast batch job can fail to complete successfully and not report the error. This might happen if, for example, you abort a batch job that is in progress. If this happens and you want to run the job again, you must first check that the process has definitely failed. If it has, delete the revenue forecast batch lock record that corresponds to the relevant project before running the job again.

Viewing a Breakdown by Revenue Source

The Revenue Forecasts related list shows the revenue forecast records created for each time period. If a forecast is run more than once for a time period, the record is overwritten with the latest details.

You can click a revenue forecast record to drill down and view a breakdown of the forecast by revenue source.

For example, for the "Deliverable: Expense" revenue source you can view details of the following, assuming the value in the Revenue Type field is Actuals:

• Revenue Recognized to Date
• Revenue Pending Recognition
• Actuals (the combined value of the Revenue Recognized to Date and the Revenue Pending Recognition fields)

Note:

For revenue sources that apply to both the Actuals and Forecast revenue types, there will be two entries on the Revenue Forecast Types related list. For example, you will see two entries for the "Deliverable: Milestone" revenue source.

To find out which revenue type a record relates to, open it and check the Revenue Type field.

For more information on the fields available on the Revenue Forecast and Revenue Forecast Type objects, see Revenue Forecast Fields and Revenue Forecast Type Fields.