Room revenue planning is where you review and update monthly room revenue forecasts and budgets. It replaces the Budget & Forecast page for Room revenue. The forecast looks at number of room nights, Average Room Rate (ARR) and resulting room...
What is its purpose? Use Budget/Forecast hours from Cockpit in P&L Staff Module to more efficiently update future forecast (budget). Intended users and requirements Controller, General Manager at property level and HQ Administrator or higher....
The Budget and Forecast module are where the targets and goals for each department are set. Access is via the main menu “Budget & Forecast”. PMI Best practise recommends to forecast/budget your activity/cost driver/rooms/revenue before you...
Summary This summary will help you to set, manage and maintain your productivity targets in the Budget & Forecast module or adjusting the hours directly in the Cockpit.Always aim to find a good productivity target for each department depending...
Summary This section displays how to handle and maintain your budgets and monthly forecasts for departments other than Rooms. Please see Room Budget and Forecast regarding Rooms. Intended Users PMI Profit and Cockpit Owners Instructions Depending...
Summary This section displays how to handle and maintain the Room Budget and Forecast. To handle and maintain Budgets and Forecasts for any other departments or profit centers, please see Other Budget and Forecast. Intended Users General Manager,...
What are the settings for the Express planner? The settings in Express Planner are used to adjust the calculations behind the Express planner’s automated forecasts. These should be set the first time you use the Express planner. The settings will...
What is the Express planner? The Express planner in PMI is a forecasting tool available to properties with the Profit and loss module activated. It creates an automated monthly forecast for all non-room revenue departments, and labor hours based on...
What is the Express planner?The Express planner in PMI is a forecasting tool available to properties with the Profit & loss module activated. It creates an automated monthly forecast for all non-room revenue departments and labor hours based on...
What is its purpose? The Operational targets feature enables all operational departments at a property, (Housekeeping, Front Office, Breakfast, Restaurant, Bar and so on), to add multiple drivers instead of having only one available. Lets use...
The goal is for those who work with budgets to enter next year’s budgets into PMI in a timely and accurate way, with as little effort as possible and following PMI Best Practice. This includes both revenue and cost budgets. There are three ways...