Forecast
A prediction or estimate of future events, especially coming weather or a financial trend.
Forecasting involves predicting future project conditions, costs, or outcomes based on current data and trends. It is a critical tool for planning, risk management, and decision-making, helping project teams anticipate issues and make informed adjustments.
Used in a sentence
Regular financial forecasts help us anticipate potential budget overruns and adjust accordingly.
Synonyms/variation
Projection
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Pro Forma Explained: How Construction Developers Predict Financial Success
Understanding the financial nuances of construction projects requires a deep dive into forecasting, planning and financial evaluation to determine a project’s success and profitability. In this challenging financial environment, pro formas play a critical role, serving as key tools for financial guidance. This article aims to demystify pro formas in construction, outlining their structure, significance […]
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