FastDraft - Cost and Carbon Forecasting

In this article we explain how to:-

• Introduction
• Cost Forecast Workflow
• Carbon Forecast Workflow
• Forecasting Reporting

Related articles:-

• Using Aggregated Reports
• Using Third Party Reporting Tools

Introduction

The Forecast Workflows are optional workflows which can be added via the contract template by System Admins. They can be selected individually so either one or both can be switched on.  They can also be configured to have specific clause types associated with them, where one must be chosen from a dropdown when creating a forecast. The Forecast workflows can be found, if enabled, on the left hand side panel.

Cost Forecast Workflow 

If the Cost Forecast workflow is enabled, the dashboard will display Cost Forecast information. At the start of the contract there will be no forecast values 

The Contractor creates a Cost Forecast.

• The date can be set in the past as well as the future.
• A zero value can be entered, but a warning message is given. 

Once the forecast has been communicated to the Project Manager, the latest Cost Forecast is reflected on the dashboard. 

As with all other workflows within FastDraft there is a register recording each Forecast which can be downloaded into a spreadsheet.

Carbon Forecast Workflow 

This is similar to the Cost Forecast but it is measured in tonnes and not a monetary value.  The details are recorded by the Contractor and communicated to the Project Manager. 

Forecast Reporting

These can be found under Aggregated Reports on the left hand side panel.  For more information on how to run Aggregated reports click Here.