The final step is used to initiate the creation of the prepopulated pages ready for your 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 set and adjust the titles to refer to it as budget or forecast or […]
Why can’t I change the budget/forecast values directly?
If we allow direct changes to the plan line/s then the whole link to a usage and a price will be broken and we will not be able to prepopulate future plans properly. The recommendation is to change the unit price if possible. The prices shown initially are estimated using historical information and are […]
Why can’t I change data in previous months?
As this has already happened, we will be displaying Actual data. There is no need to make an estimate for something that has already happened.
How is the plan data prepopulated? Where does the plan data come from?
The plan is prepopulated from two main sources when initially created. A snapshot is taken from the Live forecast which is used to populate whatever possible. That is the predicted room nights, hours, kWh of energy, all the productivity drivers that are a focus in cockpits. For other information needed, comparative data is used. This is […]
When do I set up a plan?
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 […]
What comparative (data) should I use?
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 used. If you prepare frequent (monthly or quarterly) […]
What is comparative data?
It is a fancy name for a set of data you are comparing 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 this: Comparative data is often just last year’s actual costs for the department and cost type […]
Copy to live forecast
Under tools you will be able to find “Copy to live forecast”. Click on this and you will get the option to pick what you want to copy over
P&L Profit & Loss
How do I map the categories?
PMI wants to register all paid hours as either productive or non-productive hours. Productive hours are those working regularly, i.e. you are doing the job you are supposed to and paid to do. Regular work is marked with 1 on the cost column If Bank Holiday work is paid extra, this […]