PROJECT FORECAST definition
PROJECT FORECAST means a forecast from time to time prepared by the Borrower in accordance with clause 19 of the Intercreditor Agreement utilising the Financial Model and delivered to the Intercreditor Agent in accordance with such clause;
PROJECT FORECAST. The entire project shall be periodically reevaluated to ensure that all elements of the project properly interrelate and that the forecasted overall project cost and schedule reflect the best, most current judgment of the project team. The objectives of a project forecast are to evaluate the current status of the total project cost (to-date and to-go) and the project schedule to determine critical items for review and action and to provide a sound basis for future project control. Project forecast typically includes budget, schedule and scope change reviews, escalation, contingency analyses, etc. Monthly Progress Report – Contractor’s Monthly Progress and Performance Report highlights key/major events accomplished, critical project issues (areas of concern), and proposed corrective actions (including PCJPB’s actions), project major milestones planned versus actual/forecast, key milestones and/or events for the next month. The monthly report shall include discipline highlights and a table showing plan versus actual progress for the development phase of the project. If significantly behind plan, the report shall include a brief explanation as to why progress has fallen behind and what corrective action is in progress or being planned to recover. Emphasis should be placed on addressing current events impacting the execution of the work and the proposed work around. An Overall Total Project Cost Summary that reflects total contract value to-date, contract payment status, Project Management Schedule along with critical path analyses, Project Change Log, Quality Compliance Report, and Safety Report and Risk Register shall also be part of monthly report submittal. PCJPB shall submit a project Monthly Progress Report to Grantee in support of Grants management and reporting.
PROJECT FORECAST means the financial forecast attached hereto as Exhibit 8.