We work on mostly time and materials projects that have fixed end dates. I'd like to know if there's a way to figure out how much revenue we can expect from the date we run the report until the due date, taking into account the resources utilisation % and billing rate. Hoping that formula combined with actuals will show us the forecasted over/under spend and what's achieve-able with the time remaining.
Any suggestions would be greatly appreciated!
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There is a standard forecasting field called Revenue EAC that forecasts how much revenue you will have at the end of the project factoring in both scheduling performance (delays, etc.) and forecast accuracy.