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Forecast Reports

  • Updated

For workspaces that utilize the Forecast and Variance Reports feature in Ruddr, the Forecast report section is available and provides insight into hours, revenue, and utilization metrics that are derived from Resource Allocations in the workspace.

For more, please refer to the Help Center article on How Services Revenue is Forecasted in Ruddr.

You can access the Forecast reports section of Ruddr by clicking the Reports item in the main nav bar (Figure 1) on the left of the screen and then selecting the Forecast sub nav option. 

 

Figure 1 - Clicking on Forecast in the Main Nav Bar to Access the Expenses Report Section

 

Viewing Forecasted Data by Unit

Each report in the Forecast report section can be grouped and viewed by unit:

  • Month
  • Week
  • Day

By default, each report in this section is set to group and display by Month. To change this grouping, select the desired value from the Unit dropdown (Figure 2) in the Filters drawer.

 

Figure 2 - Change the Unit by which you Choose to View the Forecast Reports

 

The following reports present differing views of forecasted data in your workspace:

Hours Forecast by Project and Resource

A summary of allocated hours grouped by project and the resources allocated to that project. This report will show allocated hours for members and for resource placeholders. Forecasted hours totals are available for each project.

Hours Forecast by Resource and Project

A summary of allocated hours grouped by resource and the projects that each resource is allocated to. This includes both members and resource placeholders. Forecasted hours totals are available for each resource.

Performance Forecast by Project

A summarized project forecast, derived from resource allocations, billing schedule milestones, manual revenue recognition ledger entries, expense items, and other items to bill. This report includes the following forecasted metrics for projects in your workspace:

  • Hours
  • Revenue
  • Effective Bill Rate
  • Cost
  • Profit
  • Margin

For more on forecasted revenue, please refer to this Help Center article on How Services Revenue is Forecasted in Ruddr.

Services Revenue Forecast by Client and Project

Ruddr leverages billable allocations and Fixed Fee ledger entries to project services revenue. These allocations must be made to a billable project role that has an associated bill rate. That projected services revenue is available in the Services Revenue Forecast by Client and Project report, which provides a view of the revenue grouped by client and project. There is a summary total of forecasted services revenue for each client.

Multicurrency and the Services Revenue Forecast by Client and Project Report

For workspaces that leverage Ruddr's Multicurrency feature, the Services Revenue Forecast by Client and Project report provides the user with the ability to select the currency (Figure 3) that will be displayed (in addition to the project's currency) and also used for the CSV / Excel export.

 

Figure 3 - Currency Selector on the Expense Detail report

 

Note that the project's currency is displayed by default, but that the selected, alternate currency is also displayed (Figure 4) if the two currencies are different.

 

Figure 4 - Amounts are Available in a Single Currency while the Project's Currency is also Displayed

 

In the CSV / Excel export, the data will be presented in the currency specified by the Currency Selector (Figure 3).

Utilization Forecast by Member

A projection of utilization based on members' future allocations. The utilization metrics available in this report are:

To switch between the various metrics, select the Metric Selector (Figure 5) above the report results.

 

Figure 5 - Alternate Between Metrics Using the Metric Selector in the Report

 

Utilization Forecast by Member Practice

A projection of utilization based on members' future allocations grouped by member practice. The utilization metrics available in this report are:

To switch between the various metrics, select the Metric Selector (Figure 5) above the report results.

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