Creating Forecast Schedule Definitions

When you run Generate Forecasts, if a template has a forecast schedule definition assigned it is used to determine how the forecast revenue should be apportioned. If a template does not have a forecast schedule definition, the forecast revenue is apportioned according to the template's own settings. See What is a Forecast Schedule Definition? for examples.

To create a forecast schedule definition:

  1. Click the Forecast Schedule Definition tab.
  2. Click New.
  3. Enter a unique name for the forecast schedule definition.
  4. Enter a description.
  5. Choose whether you want the forecast information to start from the first period that the source object record is active, or the first period of the recognition year. The table below illustrates the difference the two options would make if your object record started in April:
  6. Month of Recognition Period Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    Recognition Period Number 001 002 003 004 005 006 007 008 009 010 011 012
                             
    FSD start of record       001 002 003 004 005 006 007 008 009
    FSD start of the year       004 005 006 007 008 009 010 011 012
  7. Click Save to save the header information. Next you need to add one or more lines to define how revenue is split.
  8. Click New Forecast Schedule Definition Line.
  9. Enter a definition number. You can only create one line for each period on a forecast schedule definition.
  10. Enter the split that will be apportioned to this period. This is a value up to three decimal places. Revenue Management will calculate the split as a percentage of the Sum of Split Values shown on the forecast schedule definition's detail page.
  11. Click Save to save the line, or Save & New to save this line and create another.

You can now assign the forecast schedule definition to one or more templates. To do this display the detail page for your chosen template, and choose the appropriate forecast schedule definition in the Forecast Schedule Definition field.