IFS Projects - Budget and Forecasting

ABOUT THE COURSE

This course is one of the courses towards gaining the IFS Certified Specialist - Functional accreditation. It enables students to cover and prepare for all of the topics for the Budgeting and Forecasting exam.

TargetAudience

Those who need to identify and state the essential decisions to be made, basic data and processes to use Budgeting and Forecasting in support of IFS Project Management in IFS Applications™.
  1. Introduction to Project Budgeting and Forecasting
  2. Create Project Budget
  3. Develop Project Budget
  4. Approve Project Budget
  5. Enable/Create Budget Control Rules
  6. Approve and Execute Project
  7. Create Project Forecast
  8. Develop Project Forecast
  9. Approve Project Forecast
  10. Forecast Analysis
  11. Cost Breakdown Structures
  12. Multiple Currencies
  13. Resource Forecasting
  14. Forecasting by Code Part Values

At the end of this course, the students will be able to:

  • Understand benefits of using IFS Project Budgeting and Forecasting
  • Create Project Budgets
  • Develop Project Budgets
  • Approve Project Budgets
  • Impose Budget Controls over Projects
  • Create ongoing Project Forecasts
  • Develop ongoing Project Forecasts
  • Approve Project Forecasts
  • Analyze Forecasts
  • Use Cost Breakdown Structures in Forecasts
  • Use Multiple Currencies with Forecasts
  • Perform Resource Forecasting
  • Understand Forecasting with Code Part Values

Knowledge: Basic knowledge of the Project and Budgeting/Forecasting business processes

Courses: IFS Fundamentals, IFS Project Management

Exams: IFS Fundamentals (recommended)

Inquire

IFS Academy Inquiry Text

Track:

  • Consultants

IFS Applications Version:

  • IFS Applications 10

Certification:

  • Specialist

Module:

  • IFS Projects

CourseID:

CS10PMBF

Duration:

1.5