This activity is used to create a project budget/forecast by copying costs and/or revenue from a project. It is possible to select at which level the copying takes place e.g., if the Project option is selected, cost/revenue elements that are visible in the project level are copied to the corresponding budget/forecast project level. Also, it is possible to select the cost or revenue e.g., if the Estimated Cost option is selected, then the estimated cost for each cost element at its level is copied from the Project.
You need to enter a valid Accounting Period and Cut-Off-Date. These values will be referenced later on when creating snapshots on a particular project forecast version.
Select the Create Snapshot option, if it is required to create a snapshot of the forecast version. Depending on the need for monitoring the data it can be created as a snapshot with or without details or linked to the project connected objects. Click the relevant Snapshot With Details, Snapshot Without Details or the Live View option according to your requirement. In the Snapshot Matching field, select the default option for the calculation rule on the new forecast when connecting and matching snapshots. It can either be EAC Recalculated or ETC Recalculated option. Select what type of Cost (Estimated or Planned) or Revenue (Estimated or Planned) that should be copied and on what Level (Project, Sub Project or Activity).