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Which option should I use when Using the Forecast to Complete tool?


The Forecast to Complete column allows users to forecast cost in various ways.  In the Procore Standard Budget View, the forecasted costs are added to the Projected Cost to total your Estimated Cost at Completion.  The Forecast to Complete should be used to enter any potential cost not currently captured in “live” cost source columns (eg: Committed Costs, ROM, RFQ). See Add Cost ROM & RFQ Source Columns to a Budget View.

Below are suggestions for using each option when using the Forecast to Complete:

  • Automatic Calculation: In the Standard Budget View, this defaults to “Projected Budget minus Projected Cost” and is utilized to withhold un-committed costs or savings within the line item.  By default using this option will show $0 Projected Over/Under if under budget.
  • Manual Entry: This should be utilized to forecast a one time or individual cost that is not time based. (Ex. future commitment, permit fee, delivery cost)

  • Monitored Resource: This should be utilized for regular/recurring linear costs that are time/duration based.  This forecast will automatically draw down as time progresses throughout the project.(Ex. payroll, trailer rental, equipment rental)

If you would like to learn more about Procore’s budget management software and how it can help your business, please visit our construction budgeting software product page here.