What we’ll cover:
- Understanding what a Projection is and how it works
Applicable roles:
- Any role given access to this functionality
Before getting started, please note:
- The prior Projections tab has been renamed Forecast and has the same functionality as before
- The new Projections tab offers different functionality from the Forecast tab
The Projections feature is a workspace area to prepare & analyze hypothetical scenarios for Compensation and Non-Compensation Projections.
In order to provide you with a complete picture of your financial portfolio, Projections allows you to view real time Sponsored and Non-Sponsored Fund balances together in a single display that can help assist you with budget planning & decision making.
The results displayed in your specific Projections scenarios will be limited to data you have been given access to view by your FM Global Administrator.
Projections Functionality
Create Scenarios
- Create multiple Projection Scenarios
- Filter & Select the Funds to analyze by Org Level(s), Principal Investigator(s), or list specific Funds individually
- View real-time Fund Summary of all Balances
- Create Projections for Compensation and Non-Compensation expenditures within a Scenario
- Download .XLSX file of Fund Summary results
Compensation Expense Projections
- Create Projections for a current or future employee
- Select Projection dates
- Populate annual salary and fringe amounts, and allocate salary distribution among multiple funds and chartstring segments
- Apply a salary cap dollar amount and provide chartstring segments to allocate the over-the-cap cost
- Configure table column view
- Download .XLSX file of Compensation Expense Projection results
Non-Compensation Expense Projections
- Create Projections for any non-personnel type expenditure such as Equipment, Subcontracts, Supplies & Materials, Travel, etc.
- Select Projection dates
- Populate a monthly amount to be allocated to various chartstring data elements
- Configure table column view
- Download .XLSX file of Non-Compensation Expense Projection results
View Scenario Results
- Results of the Projections created will populate in the Fund Summary in a separate column called Projected Expense and provides an updated Projected Balance that remains within this feature only. No actual transaction entries will be created/posted to the Fund Detail Forecast field.
- Save all Scenarios for easy access
- Edit and delete a Projection within a Scenario