Organization Forecasting includes the following major features:
Roll-up of project-level revenue and cost amounts based on project resource requirements and assignments defined in Oracle Project Resource Management
Reporting of internal revenue and cost amounts based on defined transfer price rules
Reporting of either full forecast amounts, or forecast amounts that are factored (discounted) for project probability percentages
Calculation of margin and margin percent based on generated forecast amounts and net of transfer price amounts
Summarization of employee headcount information from Oracle Human Resource Management System
Calculation of scheduled utilization based on employee assignments
Manual adjustment capabilities for revenue, cost, headcount, and utilization
Reporting of forecast amounts in total and by major component
The following limitations apply to Oracle's organization forecasting functionality:
Forecasts include only project labor transactions. You cannot generate amounts for other items such as materials and usages.
The forecast generation processes create forecasts for a single organization in a single operating unit. You cannot roll up organization forecasts to a higher-level entity or across business groups.
The system creates forecasts in the project functional currency. You cannot view forecast amounts or enter adjustments in a currency other than the project functional currency.
Organization forecasting includes only projects that use a work-based revenue accrual method to calculate revenue. You cannot generate forecast amounts for projects that use a cost-based or event-based revenue accrual method..