Forecast to Year-End: Run Rate, Planned Commitments & Projected Out-Turn
This lesson is part of the course
In this lesson
You project each line's year-end out-turn in two ways – a simple run rate and a commitment-based forecast – compare the result with the revised budget and count the lines heading for an overspend.
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Lessons in this course
- Budget Lines: Original Budget, Transfers & the Revised Budget Locked
- Commitments: How Purchase Orders Encumber the Budget Locked
- Invoices & Releases: Actual Spend, Partial Invoices and the Open PO Balance Locked
- Available Budget & the Funds Check Before a New PO Locked
- Price & Quantity Differences: Invoices Above or Below the PO and Tolerance Rules Locked
- Forecast to Year-End: Run Rate, Planned Commitments & Projected Out-Turn Locked
- Year-End: Carrying Forward Open Commitments & the New Year's Opening Position Locked
- The Budget Report: Line × Month Table, Share Used, RAG Status & Chart Locked