Compute Forecast Labor Revenue
This process calculates the potential revenue of labor expenditure items based on established bill rates and markups. The expenditure items that the process selects are billable labor expenditure items charged to contract projects that have not yet been processed by the Generate Draft Revenue process. The items do not have to be approved to be processed for forecast revenue.
Process Submission
You submit the PRC: Compute Forecast Labor Revenue process from the Submit Request window. See: Submitting Requests.
Process Parameters
Project Number. To limit the process to one project, enter the project. Otherwise, leave this field blank.
Forecast Through Date. To limit the process to expenditure items dated on or before a certain date, enter the date. Otherwise, leave this field blank.
Output Reports
Two output reports show you the results of this process:
- The Forecast Revenue Computation Report. Lists the results of the Compute Forecast Revenue process. In this report, you see the projects selected for forecast revenue calculation, the total forecast revenue amount, and the expenditure item dates through which forecast revenue was calculated for each project.
- The Forecast Labor Revenue Computation Exception Report. Lists the expenditure items for which the Compute Forecast Revenue process could not forecast revenue because a bill rate or markup could not be found for the items.
