Forecast
A prediction or estimate of future events, especially coming weather or a financial trend.
Forecasting involves predicting future project conditions, costs, or outcomes based on current data and trends. It is a critical tool for planning, risk management, and decision-making, helping project teams anticipate issues and make informed adjustments.
Used in a sentence
Regular financial forecasts help us anticipate potential budget overruns and adjust accordingly.
Synonyms/variation
Projection
Stay updated on what’s happening in construction.
Subscribe to Blueprint, Procore’s free construction newsletter, to get content from industry experts delivered straight to your inbox.
Learn MoreLearn more about Forecast
Pro Forma Explained: How Construction Developers Predict Financial Success
Understanding the financial nuances of construction projects requires a deep dive into forecasting, planning and financial evaluation to determine a project’s success and profitability. In this challenging financial environment, pro formas play a critical role, serving as key tools for financial guidance. This article aims to demystify pro formas in construction, outlining their structure, significance […]
How can we improve this glossary entry?
By clicking this button, you agree to our Privacy Notice and Terms of Service.