Forecasting

Planning for the future is a critical aspect of managing an organization. Forecasting is a method to help in budgeting and planning for an upcoming time period.

You can create a fiscal or rolling forecast. A fiscal forecast is based on a twelve-month period, that is, a fiscal year. A rolling forecast crosses over the fiscal year end as part of the forecasting process. Every month the forecast can be extended for the next 12 or more months.

This task is usually done by the Business Modeling Administrator role.

You start the forecasting process by creating a forecast version. The forecast versions define the number of actual months included in the forecast. Use the Configuration Set Overview page to create forecast versions. The left pane displays this information:

• Currently defined configuration sets.
• The status of the version. If the check box is selected, then the version is complete.
• The source for a version.