MCI Forecaster Cost Tracking Software Training Course – June

June 22, 2020 - June 26, 2020 (5 Day Course)
8:00am - 5:00pm CT
Project Controls Training Center
17629 El Camino Real #105
Houston, Texas 77058

Forecaster is the latest of Onpoint’s industry leading training programs. Open enrollment classes will take place at our Training Center in Houston, Texas. Forecaster is an activity based cost tracking and forecasting software package designed for shutdowns, turnarounds, outages and projects. This program is a must for any cost engineer involved in turnarounds.

Key Outcomes

Forecaster by Management Controls, is an enterprise STO cost management solution; one global system for all projects regardless of their structures. Forecaster gathers all of the hours and costs daily, into one system. Using industry standard EVM calculations and complete, accurate inputs.

The FORECASTER™ Training course uses several techniques to verify student competencies:

  • Exercises are conducted to reinforce skills and principles being taught
  • Engaging class room discussion
  • Review questions are utilized to confirm student knowledge

Who Should Take This Class

Anyone who is involved in the cost estimating, tracking and forecasting process, whether directly or in a supporting role, will benefit from participating in the Forecaster training program.

What You Will Learn

FORECASTER is a turnaround / capital project specific management tool. It incorporates industry best practices and many years of turnaround / project experience to develop the concept of a fully integrated system addressing work scope (The What), work planning (The How and When) and cost control (The How Much).

Core Competencies:

  • Cost Engineering
  • Accessing Forecaster and Page Navigation
  • Forecaster Setting Configuration
  • Forecaster Project Configuration and Project Structure
  • Forecaster Managing Organization Details
  • Forecaster Estimating Overview
  • Forecaster Commited Costs, Progress and Actuals
  • Forecaster Analysis and Forecasting
  • Forecaster Reports and Charts

Click on any of the sections below to see a complete outline:

  • About Onpoint
  • Training Agenda
  • Training Process
  • Learning Objectives
  • Ground Rules
  • Definitions
  • Acronyms
  • Learning Objectives
  • Introduction to Forecaster
  • What is Cost Management?
  • The Forecaster Module
  • Standard Data Structure
  • Application Structure
  • Glossary of Terms
  • Field Definitions in Forecaster Software
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • What is Cost Engineering?
  • The Three E’s
  • WBS/CBS Alignment
  • SAP – WBS Structure
  • Forecaster WBS/CBS Structure
  • Required Data for Forecaster
  • Defining Events and Projects in Forecaster
  • Process for Building Estimates and Tracking Cost
  • What Estimate Type and When
  • An Outline of the Cost Estimating and Tracking Processes
  • Tracking and Collecting Costs
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • The Login Screen
  • Basic Navigation and Editing
  • Screen Display Options
  • Exercise
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Account Maintenance
  • Exercise: Add/Edit Sites
  • Events
  • Exercise: Add a New Event
  • Exercise: Add Organization Types
  • Organizations
  • Exercise: Add an Organization
  • Project Types
  • Exercise: Add Project Type
  • Exercise: Add Projects
  • Shifts
  • Exercise: Add Shifts
  • Quantities
  • Exercise: Add Quantities
  • Cost Impact Categories
  • Exercise: Add Cost Impact Categories
  • Cost Breakdown Structure (CBS)
  • Exercise: Add CBS Codes
  • Formulas
  • Alerts
  • UDFs
  • Import Data
  • Exercise: Build an Organizations Import Template
  • Learning Outcome
  • Introduction
  • Review Questions
  • Learning Objectives
  • Introduction
  • Contingencies
  • Exercise: Add Contingency
  • Work Breakdown (WBS)
  • Exercise: Add WBS Elements
  • Work Packages
  • Exercise: Add Work Packages
  • Work Orders
  • Exercise: Add Work Orders
  • Cost Impacts
  • Exercise: Define a Cost Impact
  • Project Structure Import
  • Exercise: Import Project Structure
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Organization Cross Reference
  • Exercise: Add Organization Cross-Reference
  • Contacts
  • Exercise: Contact Information
  • Purchase Orders
  • Exercise: Add Purchase Orders
  • Purchase Order Line Items
  • Exercise: Add Purchase Order Line Items
  • Importing Purchase Orders
  • Exercise: Importing Purchase Orders
  • Organization Skills
  • Exercise: Adding Skills
  • Skill Rates
  • Adding a Skill Rates Record
  • Exercise: Adding Skill Rates
  • Skills and Rates Import Procedure
  • Exercise: Importing Skills and Rates Using Skills Import Template
  • Adders
  • Exercise: Add Adders to Skill Rates
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Building the Estimate for Review
  • Budget Estimate
  • Exercise: Add a New Estimate
  • Importing Direct Hours From the Schedule to Build the Estimate
  • Exercise: Importing Direct Labor Hours From the Schedule
  • Importing Material Estimates From SAP
  • Exercise: Importing Material Estimates From SAP
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Sources for Commitments
  • Entering Time sheet Data
  • Exercise: Adding Time sheet Records
  • Importing Time sheets
  • Exercise: Build Time sheet Import File and Import into Forecaster
  • Progress Data From the Schedule
  • Exercise: Import Schedule Progress File into Forecaster
  • Other Commitments
  • Exercise: Add Commitment Records in Forecaster
  • Importing Commitments
  • Exercise: Import Commitments
  • Actuals
  • Exercise: Import Actuals
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Sources for Commitments
  • Navigating the Analysis Screen
  • Editing and Selecting Forecast Options
  • Forecasting Hours
  • Forecasting Labor
  • The Three Cost Formula Options (Selection Criteria)
  • Exercise: Forecasting Man-Hours and Labor Costs
  • Forecasting Material
  • Exercise: Forecasting Material
  • Forecasting Equipment
  • Exercise: Forecasting Equipment
  • Analysis Forecasting Set Up
  • Exercise: Perform Analysis on American Constructors
  • Forecasting Down Contingency
  • Conclusion
  • Learning Outcomes
  • Review Questions
  • Learning Objectives
  • Introduction
  • Standard Reports
  • Create and Filter Reports
  • Producing a Report
  • Exercise: Create a List Report – Purchase Orders
  • Exercise: Create a Control Estimate Report – By Work Order
  • Exercise: Create a Current Estimate Report – By Organization
  • Exercise: Create a Summary Report – By Organization
  • Exercise: Create a Analysis Report – By Vendor Overall By Event
  • Exercise: Create a Detailed Report – By Work Package, Vendor
  • Exercise: Create a Ledger Report – Time sheet Details By Vendor, Resource
  • Exercise: Select and Create a Custom Report
  • How to Navigate, Export and Print From the Main Report Screen
  • Exercise: Print a Report
  • How to Create Charts
  • Exercise: Create a Project Labor Summary Chart
  • Ad Hoc Report
  • Exercise: Create an Ad Hoc Report of Control Estimate Hours
  • Learning Outcomes
  • Review Questions
MCI Forecaster Cost Tracking Software
MCI Forecaster Cost Tracking Software
MCI Forecaster Cost Tracking Software
MCI Forecaster Cost Tracking Software

Click on the green “Order Now” button below to reserve your spot today for this training course.

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