Task: Update Financial Forecasts And Budgets

Throughout the life of the Service Engagement, it is crucial to ensure that the Service Engagement forecast is maintained accurately, taking into account any information that has become available since the previous version was produced. There might also be situations (for example a significant change to the scope of services to be delivered to the Client) where the baseline Service Engagement budget needs to be updated.

Whenever a change to the Service Engagement Catalogue is authorized, the Engagement Manager must analyze the impact on the budget as this will impact the baseline for the Service Engagement. Together with the Delivery Manager a new target contribution for the Service Engagement will be agreed, taking into account the new contracted value and forecasts, thus also setting a new DVI baseline.

Based on the Service Demand Forecast – representing the to forecast revenue – and Service Delivery Forecast – representing the to forecast costs – the Engagement Manager, will determine the values to be entered as forecast for the financial project codes and reporting periods of the Service Engagement.