The EcoSys Forecasts module is used to generate and view predictions of future Contract costs based upon actual costs to-date and the methods defined by the user to calculate the forecast.
Contract Forecast
The Contract Forecast module is used to generate and analyze a Contract Forecast. A Forecast Method is established for each Contract Line. This method determines the new Current Contract Forecast for the Contract Line. Once the methods are established, the Submit Forecast Update workflow action is run to apply applicable methods and to update the Current Contract Forecast.