New "Planning and Projections" Project
The Planning and Projections project will create an online tool within the IBM Cognos TM1 software that supports the management of funds at USC through financial forecasting. This project will establish a financial projection modeling system upon which budget and planning scenario models can be built, providing visibility into available funding across fiscal years for the purposes of financial decision support.
The Planning and Projections tool will be made available to principal investigators, departments, centers, and schools as a tool to create financial cost projections for a portfolio of accounts. Core features include structured projection templates, flexible projection sheets, and customizable reports, as well as a feature to create personalized scenarios (conservative, moderate, aggressive) that can be shared as appropriate.
The Planning and Projections tool will be implemented in two phases:
- The first phase will implement projection functionality for current unrestricted, gift, and endowment funds in a top-down, trend-based approach. This functionality will be available on 5/22/2018, with further enhancements expected by 6/21.
- The second phase will create research, effort, payroll, and budget reallocation models for sponsored and restricted funds in a bottom-up approach. Phase 2 has a planned go-live date of 8/15/2018.
To obtain more information about the new Planning and Projections tool, submit your inquiries via email to email@example.com