IFS Projects - Project Budgeting and Forecasting

About this course

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Project Budgeting and Forecasting exam.


Those who need to identify and state the essential decisions to be made, basic data and processes to use Project Budgeting and Forecasting in support of IFS Projects 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 are 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: Perfect understanding of project business processes.

Courses: IFS Fundamentals, Project Management

Exams: IFS Fundamentals (recommended)


IFS Academy Inquiry Text



  • Consultants


  • Specialist




1,5 Day