Overview The Cycle schedule setting allows you to automate the creation and management of Budget and Forecast planning cycles. You can define when planning cycles open, how long users can submit their plans, how long reviewers have to approve them, and how generated...
Purpose Plan Version Automation takes the manual work out of starting each budget and forecast round — the system opens the right version for your team at the right time, every cycle, based on rules you set once. It means budget season starts on time even...
Overview This article explains how PMI calculates future planning cycles, generates version names, applies scheduling rules, and handles changes to active planning cycles. Image description: Example of the version name in P&L Status1. How future cycles are...
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...
Concept definition The Express planner (EP) in PMI is a forecasting tool designed to automate the generation of monthly forecasts for ancillary(non-room) revenue and labor hours. It helps users quickly generate projections based on historical data, growth assumptions,...
The MTD (month-to-date) forecast is the amount you should have by this point in the month/period, in order to reach your end-of-the-month forecast, given that your Live forecast for the rest of the month is correct. The calculation is: ME (month-end) forecast divided...
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What does the waterfall chart show? The waterfall chart provides a visual overview of how revenue and operating costs contribute to gross operating profit (GOP). The chart helps users understand: Current month-to-date performance Expected month-end performance Whether...
What is its purpose? It reduces the manual workload and makes forecasting less error-prone. It enables you to import scheduled hours and base salaries from an external system(s). It enables you to forecast on both staff member level and total. You are able to review...
What is its purpose? The Room revenue planning page is used to create monthly forecasts and budgets (plans) for room revenue. PMI auto-populates the plan with a proposed plan based on the settings selected when creating a plan. This plan can then be adjusted manually...