Introduction Accurate project forecasting is essential for long term planning, forecasting will not only show you what to expect in profits, it will also forewarn you of impending problems. The forecast plan can yield multiple benefits to the business owner. First, the forecast plan is a valuable planning tool. Second, when the planning phase has been completed, the forecast plan becomes a key management tool in controlling the business operations to achieve the results planned for. As a Planning Tool the forecast plan enables the owner to develop a preview of the amount of profit or loss that is expected for each month, for each quarter, and for the business year, based on reasonable predictions of monthly levels of costs, and expenses. By having a preview of future operations senior management can compare, ahead of time, the year's expected profit or loss against profit goals and needs established for the business. If the results as forecasted are not satisfactory, there is time to identify what must be done in order to achieve satisfactory results for the year. As a Cont......

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