What is WBS forecast date in SAP PS - Project System?

SAP Term: WBS forecast date

• Component: PS

• Component Name: Project System

• Description: The project dates expected for the WBS elements in scheduling. Forecast dates come from one of the following: Entered manually Derived from the earliest forecast start date and the latest forecast finish date in the activity

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• Key Concepts: 
  WBS forecast date is a feature of the SAP Project System (PS) component. It is used to plan and manage the budget of a project. The WBS forecast date is the date when the budget for a project is expected to be used up. It is calculated based on the planned costs and revenues of the project. 
  
  How to use it: 
  The WBS forecast date can be set in the Project Builder (transaction code CJ20N). The user can enter the planned costs and revenues for the project, and the system will calculate the WBS forecast date. The user can also adjust the WBS forecast date manually if needed. 
  
  Tips & Tricks: 
  It is important to keep track of the WBS forecast date as it can help to ensure that the project stays within its budget. The user should regularly check and update the WBS forecast date to ensure that it is accurate. 
  
  Related Information: 
  The WBS forecast date is related to other features of SAP PS such as cost planning, budgeting, and resource planning. It is also related to other components such as Controlling (CO) and Materials Management (MM).