Purpose
This article explains how Forecasting helps you anticipate final project costs before they happen.
Who Uses This
Project managers and executives planning ahead financially.
How It Works
Forecasting projects your estimated final cost based on current spend, remaining work, and known upcoming costs.
Forecasts typically update as new costs, change orders, or schedule changes come in, giving an increasingly accurate picture over time.
Best Practices
Review forecasts regularly alongside Budget Tracking to catch issues early.
Factor in known upcoming costs (e.g., pending change orders) even before they're finalized.
Share forecast updates with stakeholders ahead of major financial decisions.
Troubleshooting
If a forecast seems inaccurate, confirm all recent costs and change orders have been logged in the system.