What is the Express planner? The Express planner in PMI is a forecasting tool available to properties with the Profit and loss module activated. It creates an automated monthly forecast for all non-room revenue departments, and labor hours based on historical data and...
What is the Express planner?The Express planner in PMI is a forecasting tool available to properties with the Profit & loss module activated. It creates an automated monthly forecast for all non-room revenue departments and labor hours based on historical...
![P&L Planning 10/10 How to approve forecast and budget or target [2:34]](https://kb.d2o.com/wp-content/uploads/2023/01/VIDEO01-OVERLAY-400x250.jpg)
What is its purpose? The planning staff module enables you to review and adjust staffing to meet demand (SMART forecast) all in one screen. The goal is to reduce manual workload and make forecasting less error-prone. You can import scheduled hours and base salaries...
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....
There are three ways to enter labor costs: In the budget and forecast module, on the far right-hand side of a labor department, you can enter the expected average rate per hour. This will amount to a total labor cost depending on expected/worked hours. You can work...
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 or Forecast: Uploading your budget and Forecast – Upload actuals, budget and forecast is a helpful article for...
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 the latest Live forecast. Some departments have hours as their main target (admins) so even if...
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 room nights for the housekeeping department or revenue/covers for a restaurant outlet. When hovering the mouse over the figures...
When you enter a new month, the forecast/budget will lock for the current month. In most cases, this is a request from your Head Office to avoid accidental or unauthorized changes that conflict with the data submitted to your reporting system (SAP). Your task is now...