Example used is Towels & linen Use this chart to see at a glance the general shape of your plan (blue bars) against the comparative period (gray) as pre-set and the level of guest nights planned (purple line). This enables you to see if the cost level decreases...
The charts below (Towels & linen and Energy are used in this example), displays whether your plan shows year-on-year (YoY) improvement, considering the activity levels. The plan values for each month are divided by a relevant productivity measure such as guest...
The diagram below shows the correlation between the formula elements which calculates the unit price to get the plan value you expect.In the diagram here below the forecast comes from kg from GoGreen multiplied by price per kg. Always ensure you are in the...
What is comparative data? It is a set of data that you compare your draft plan against. The dataset shown under comparative data is also used to calculate other elements of your new plan. Look for … ‘based on comparative data’… in a section header like...
The final step creates the prepopulated pages for the budget holders to review and edit. When you press the Save button, PMI will create a set of plan pages for the period specified with the name you chose. Adjust the title to refer to it as a budget, forecast or...
If direct changes are made to the plan rows, then the whole link to a usage and a price will be broken and we will not be able to prepopulate future plans correctly. The best practice is to change the unit price, if possible. The prices initially shown are estimated...
All data in previous months is actual data. There is no need to make an estimate for something that has already happened. If you need to make a change to the data because it is incorrect, you need to ask to have the period unlocked so that the corrections can be...
The plan is pre-populated from two main sources when initially created. A snapshot is taken from the Live forecast which is used to populate the predicted room nights, hours, kWh of energy, and all the productivity drivers that are a focus in the cockpits. For...
Set up and activate a new plan when you need to pick up the latest information from Live forecast. A snapshot of Live forecast is taken at the point the plan is created. While you can submit a plan to cockpits at any point to pick up the latest pricing in cockpit...
The first time you set up a plan we would normally advise using last year’s actual data as long as it had a fairly normal business pattern. For example, the results from 2020 will not be a good base for planning a normal business year and Actual 2019 may need to be...