Objective By following this guide, you will enter monthly labor productivity or hour targets in PMI for each department using the Productivity sheet and the Budget & forecast module. Requirements You must have access rights to the Budget & forecast module. The period must be open (not locked). Know which departments are...
Objective By following this guide, you will be able to upload your revenue budget into PMI via the Data Upload Centre and ensure it is correctly reflected in the Budget & forecast module. Requirements You must have access rights in PMI to use the Data Upload Centre. Ensure you have budget prepared. The period you want to budget for should...
Objective By following this guide, you will be able to enter a revenue budget in PMI using Live forecast data as the foundation. Requirements You must have access rights to the Live forecast and Budget & forecast modules in PMI. The Live forecast should be updated and adjusted for at least the next 12 months as part of the monthly routine....
Objective You’ll learn how to manually enter revenue budgets in PMI for specific departments and time periods. Requirements - You must have access rights to the Budget & forecast module in PMI. - Know which department and period you want to enter the budget for. Estimated Time 2 minutes Steps 1. Log in to PMI. 2. Go to Budget &...
Purpose Compiling revenue streams in PMI is a key step in building a complete and actionable P&L budget. It helps General Managers translate strategic goals into detailed financial plans—ensuring each revenue item is forecasted, tracked, and aligned with operational realities. This process supports comeback strategies by enabling smarter...
Concept definition The express planner (EP) in PMI is a forecasting tool designed to automate the generation of monthly forecasts for ancillary revenue and labor hours. It helps users quickly generate projections based on historical data, growth assumptions, and productivity metrics. Formula or logic Step 0: Settings are configured (See...
Objective This guide shows you how to run Express planner to generate automated monthly revenue and labor hours forecasts for your property in PMI.Requirements User access to run Express planner for your property Access to the Budget & forecast module Forecast periods must be unlocked for the months you plan (Link to how to unlock months)...
Purpose Express Planner streamlines the target-setting process by automating calculations, helping users avoid time-consuming manual work. It enables users to set monthly targets up to 24 months in advance, based on room forecasts, history and predefined business rules. The system generates targets for: Ancillary revenue across all profit centres...
Objective This guide helps you configure or revise Express planner settings to improve forecasting accuracy for your property. Express planner's forecasting accuracy depends on proper configuration of three key areas: General setup, Ancillary revenue, and Labor hours. These settings control what data source Express planner uses and how far in...
The planning cycle in PMI (Productivity Management Intelligence) normally starts towards the end of each month and follows a series of structured steps. Setting productivity targets is the second step in this monthly cycle and is the responsibility of the general manager in collaboration with their team. Image description: PMI planning cycleThis...
What is its purpose? Use Budget/Forecast hours from Cockpit in P&L Staff Module to more efficiently update future forecast (budget). Intended users and requirements Controller, General Manager at property level and HQ Administrator or higher. The feature has to be activated in each department in Settings.Now you are able to go into the Staff...
Summary This article explains how to work with and maintain your budgets and monthly forecasts for departments other than Rooms. Please see this article for how to work with Rooms. Intended Users PMI profit and cockpit owners Instructions Depending on what department you are looking at, there are different views and options. Both the tools menu...
Summary This section displays how to handle and maintain the Rooms Budget and forecast. To handle and maintain budgets and forecasts for any other departments or profit centers, please see this article. Intended Users General manager, hotel manager, revenue manager, booking manager and controller. Instructions The view is divided into five...
The goal is for those who work with budgets to enter next year’s budgets into PMI in a timely and accurate way, with as little effort as possible and following PMI Best Practice. This includes both revenue and cost budgets. There are three ways this can be done. Revenue budget: Two ways to budget revenues in PMI Live Forecast Budget: Going from...