Forecast Settings - EcoSys - 4.03 - Help - Hexagon

EcoSys Projects Help (4.03)

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EcoSys Standard Version
4.03

The Forecast Admin supports the definition of the Project Default forecast method and the establishment of forecast variance thresholds.

Project Default - Forecast Method

The Project Default forecast method is one of the forecast methods that you can assign to a project structure in the Forecasting screens. It requires the definition of both the % Complete Threshold as well as a Method Type. When this forecast method is selected for a project structure, the rules defined in the Forecast Settings section are utilized to determine the target Estimate At Complete (EAC) for the project structure.

Available method types are limited to those which do not require manual intervention by the user; therefore, options Manual EAC, Manual ETC, Manual Factor, and Project Default are not available for selection.

In the forecasting screens (Forecasts > Forecast), when the Refresh Time-Phased Forecast action is submitted by a user, the percent complete (generated by the Generate Earned Value action) will be compared to the Thresholds defined in the Forecast Settings section when the project structure forecast method is set to Project Default. If the percent complete is at or above a threshold level defined in the Forecast Settings section but is less than the next threshold level, the system uses the Method Type specified for that threshold level to drive the project structure forecast.

% Complete Threshold L1 must be set to zero to ensure all progress results in a forecast. If this threshold is not set to 0, then there will be no ETC calculated for the project structure, resulting in an automatic variance from the budget.

Define Forecast Approval Threshold Level Values and Method Type

This procedure allows you to define forecast threshold approval values for all the levels.

  1. In the Project Details panel, click the Project Settings tab.

  2. In the Forecast Settings section, click the Apply Thresholds to Transfer ellipsis and select Yes.

  3. Type the Approval Threshold values for the following levels:

    • Approval Threshold L1

    • (Optional) Approval Threshold L2

    • (Optional) Approval Threshold L3

  4. Click the Approval Type ellipsis and select the approval type for the following levels:

    • Approval Type L1

    • (Optional) Approval Type L2

    • (Optional) Approval Type L3

  5. Type the % Complete Threshold values for the following levels:

    • % Complete Threshold L1

    • (Optional) % Complete Threshold L2

    • (Optional) % Complete Threshold L3

    • (Optional) % Complete Threshold L4

    • (Optional) % Complete Threshold L5

  6. Click the Method Type ellipsis and select the method type for the following levels:

    • (Optional) Method Type L1

    • (Optional) Method Type L2

    • (Optional) Method Type L3

    • (Optional) Method Type L4

    • (Optional) Method Type L5

    • The available method types:

      • ACCO - Actual plus Open Commitment

      • CBGT - Current Budget

      • CCPI - Current CPI

      • CFCT - Current Forecast

      • EAAC - Greater of EAC or Actual

    • Based on the % Complete Threshold Level value of the project in the Forecast screen, the method type corresponding to the threshold level is used to calculate the New EAC (Estimated Actual Cost).

  7. Click SAVE.

Define Forecast ID Format

This procedure allows you to define a Forecast ID format for the selected project. It supports the customization of project-specific IDs to be used for newly created forecasts. This includes prefixes, suffixes, and the ability to increment by any provided number. It is critical to establish the Digits (number of digits including leading zeros) as well as the Increment. If either of these numbers are missing, the ID will not be generated as expected. The hierarchy path delimiter (typically a period, or ".") must not be used in either the prefix or suffix.

  1. In the Forecast Settings section, type the required Prefix.

    The prefix is added to the beginning of the Forecast ID.

  2. (Optional) Type a digit in Next ID Base.

    The numbering of the Forecast ID starts with this digit.

  3. Type a digit in Digits (Max 20).

    This is the length of the Forecast ID.

  4. (Optional) Type a Suffix.

    The Forecast ID ends with this suffix.

  5. Type a digit in Increment.

    The Forecast ID increments by this digit.

  6. Click SAVE. The Forecast ID appears in the Forecast ID Example (Max 40) field.