Description
Are you already using Cost Management in Build software and are comfortable with budgets, contracts, pay applications, and change orders? Ready to take the next step in maximizing project profitability? In this advanced hands-on lab, you’ll learn how to unlock deeper financial insight and strengthen cash-flow forecasting by taking advantage of the forecasting tools in Cost Management. You’ll get hands-on experience learning how to use the existing data from budgets, contracts, pay applications, and change orders to create accurate forecast projections and develop a project cash flow. Plus, we’ll dive into creating forecast adjustments, time-based resource forecasting, cash flow, and budget snapshots, and cover how to use these features to more accurately enhance project forecast projections and ensure you're maximizing project profitability.
Key Learnings
- Learn how to create forecast adjustments to the budget in Cost Management and better predict the final project cost.
- Learn how to use snapshots to create an accurate historical record of all previous forecast projections and compare to the current budget.
- Learn how to forecast general requirements and staffing with time-based forecasting to determine if additional resources will be needed.
- Learn how to create an overall project cash-flow distribution to accurately predict revenue and cost for each billing period.
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