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Create a forecast plan

Create a forecast plan

As the portfolio manager, you can re-estimate (forecast) the portfolio budget for future periods based on the actual cost and changed project requirements.

Before you begin

The Portfolio Planning field for the portfolio must be set to Advanced on the Portfolio form.

  • The forecast period for the fiscal period must be open to create the forecast plan for a portfolio. For example, the forecast period for FY17: Apr must be open to create a forecast plan in April.
  • The budget period for a fiscal period must be closed to open a forecast period for the corresponding fiscal period.
  • Only one forecast period can be open at a time.
  • Role required: it_portfolio_manager

About this task

Perform either of these steps:

Procedure

  • In portfolio workbench, click Create Forecast Plan under Step 4: Forecasting.
  • Navigate to Project > Portfolios > All, open the portfolio, and click the Create/Revise Forecast Plan related link.

Result

  • The forecast plan for the portfolio is created and promoted for the selected forecast period. It can be accessed from:
    • The portfolio workbench under step 4: Forecasting. To re-promote the forecast plan, if required, click Re-promote Forecast Plan.
    • The portfolio form in Forecast Plans related list.

    To view its details, you can click the forecast plan.

What to do next

Once the forecast plan is finalized and no further changes are expected, the forecast period must be closed.