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Hi Ax Community, I have setup the forecast reduction model in project accounting module as per the URL :
But I am not getting the expected result , kindly help me out
Can you clarify:
- what system version you operate (R2, R3, CU12/13...)
- what you did and what your expected result is?
- you get an error message or simply don't see any result? If so, which form is affected; that is where do you have the problem?
Some screenprints of what you did and comments on what you expect to see would help.
Good Morning rizwan,
Do you have any update for us?
what you did and what your expected result is?
After Setting up the above screen shots , I created the forecast hour transactions then I posted some hour journals but there are not automatic reduction of hours in hour forecast journal
What habe you setup in the cost control tab of the project parameters?
You should have a remaining budget control configuration setup there and a remaining forecast model selected there.
Can you please double check and complete also this setup?
I missed this photo to upload on this thread but I have already setup the cost control before.
Thanks Ludwig for your reply.
The setup looks ok but maybe the criteria you selected for the forecast reduction are a bit restrictive because you selected so many criteria for hour transactions.
Can you test whether the selection of let's say the category only in the forecast reduction form leads to a reduction in your forecasted amounts?
when doing that please ensure that you have some hour forecasts amount setup in the forecast form and that you have something forecasted with the category selected for forecast reduction.
I have done all the suggestion which you asked for but unable to get the expected result.
Thanks for your reply and suggestion
Can you share the forecasted hour data that you recorded?
There must be some for the 'current' model that you use
Do you have those data recorded?
At last I have figured out the solution , It is working fine when project Budget is not enabled .
the conclusion of this issue automatic forecast reduction doesn't work when project budget is enabled on the project.
Is there any link between a forecast reduction and project budget ?
That is right.
Budget control and forecast reduction are exclusive, meaning that you can chose the one or the other option but not both.
There is no direct link between a reduced forecast model and the project budget but what you can do is importing a specific forecast into the project budget form.
By the way: Why do you need both, the forecast reduction and the project budget? They are basically doing / checking the same.
I thought both (automatic forecast reduction & project budget ) work simultaneously when we post hour journals. At Project Budget we cannot find activity based completion rather at category level consumption is showing . Any how really appreciate your prompt response .
No. They are exclusive, which actually makes sense otherwise you could define different rules for remaining forecasts and project budget controls.
If you use project budgets for control then you have the advantage that changes to the budget are tracked (by workflow).
This is not the case for forecasts where basically everybody can just 'manipulate' forecast amounts - depending on their role and security rights of course.
The more 'modern' / up to date approach is using project budgets rather than the 'old' remaining forecast feature.
Hope this helps and answers your questions.
If your issue has been answered then please kindly select the threads that answer your question.
Either Project Budget or Forecast model will be used to see the consumption of Hour ,Expense .... Cost .
You can use reducing forecasts and project budgets for different projects. However, for a single project you have to make a decision whether you use the one or the other. You can't use both features in parallel.
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