Forecasting & Latest Estimate
Monthly financial review discipline — budget vs actual vs LE, variance explanation, and business leader alignment.
Demo Data – Sample Latest Estimates
LE Process Overview
▸Monthly financial review cycle with defined deadlines
▸Budget vs actual vs Latest Estimate comparison
▸Documented forecast assumptions
▸Variance explanation with action owners
▸Risk and opportunity tracking
▸Business leader alignment before submission
▸Deadline discipline and exception escalation
Forecast Accuracy Improvement Ideas
- • Early project risk detection
- • Better communication between project managers and finance
- • Linking operational progress to financial forecast
- • Tracking open purchase orders
- • Reviewing unbilled work
- • Reviewing invoice aging
- • Monitoring change orders
| Business Area | Budget | Actual YTD | Latest Estimate | Variance | Explanation | Action Owner |
|---|---|---|---|---|---|---|
| Business Support | $2,100,000 | $1,020,000 | $2,080,000 | $-20,000 | Travel cost reduction | Business Support Lead |
| Factory | $6,800,000 | $3,320,000 | $6,920,000 | $120,000 | Scrap/rework above target in May | Factory Controller |
| Projects | $12,500,000 | $6,100,000 | $12,850,000 | $350,000 | PRJ-ATL-2401 installation delays and rework | Project Controller |
| Service Contracts | $8,200,000 | $3,980,000 | $8,350,000 | $150,000 | Spare parts demand higher than plan in Q2 | Service Controller |
| Supply Chain | $4,200,000 | $2,050,000 | $4,150,000 | $-50,000 | PO consolidation savings | Supply Chain Finance |