forecast

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

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 make a profit forecast

We will now focus on what steps to take to produce a profit forecast in PMI Planning.

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 a weekly Live forecast

This chapter describes how to make a Live Forecast/Weekly Forecast in Planning at any time.

Profit & loss

How to set up GoGreen planning for a chain or property

When a chain or property starts to forecast costs for GoGreen resources, PMI needs to be configured to give the most accurate results. These steps are…

Planning GoGreen · Planning NextGen