IFS Projects - Budgeting and Forecasting


This course provides a comprehensive understanding of the Budgeting and Forecasting functionality of IFS Projects related to the IFS Applications. This is also one of the courses towards gaining the IFS Certified Practitioner accreditation for Projects Consultants. It enables students to cover and prepare the Budgeting and Forecasting specification topics for “IFS Practitioner Consultant - Projects” exam.

Target Audience

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 Applications 10 Essentials, IFS Project Management


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • Practitioner


  • IFS Projects

Course ID:



Classroom - 1.5 days, Virtual Classroom - 2 sessions (of 4 hours)

Type of Course:

  • Classroom
  • Virtual Classroom