Do I have to change my budget & forecast manually every month?
The budget should be uploaded/entered once a year while the Forecast should be updated every month. Below are some steps on how to update the budget…
Budget & forecast
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budget
Explore related guidance from the PMI Knowledge Base.
Express planner calculation explanation with examples
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…
Budget & forecast
GM daily digest: Waterfall chart explained
The waterfall chart provides a visual overview of how revenue and operating costs contribute to gross operating profit (GOP).
GM daily digest
How can I see what the current cost driver is?
The cost driver is what drives the labor cost/hours in a department. The cost driver is what gives the department work to do. This could be…
Budget & forecast
How do I enter the labor costs?
Current month labor costs will fluctuate according to the hours used in each department.
How does the cost driver effect my hours and productivity?
Some departments (operational) have productivity as their main target, so when the cost driver changes, this will give the department more or fewer hours, depending on…
Budget & forecast
How is the month-to-date forecast and budget calculated in the Flash report?
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…
Flash report
How to approve a forecast or budget in PMI
When your budget/target/forecast work is completed and you wish to send in/freeze these figures to become a selectable version in PMI Planning, follow the instructions below.…
Profit & loss
How to input a budget in PMI
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…
Budget & forecast · Profit & loss
How to manually enter a revenue budget in PMI
You'll learn how to manually enter revenue budgets in PMI for specific departments and time periods.
Budget & forecast
How to set up automated planning cycles
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…
Budget & forecast
How to upload actuals, budget & forecast
The Data Upload Centre is a module that allows you to upload various types of data to PMI. This data includes:
Getting started