# Forecastify.com - Project Controlling System (forecastify.com) > Find out which products and projects are on time and within budget, and which ones are at risk of overspending. Up-to-date and accurate project facts and forecasts without additional administration with an integrated project controlling system. Less hassle, higher utilization, and better projects for your firm with Forecastify. Short text for a typical Onepage use-case. Around 30 words suffice to neatly fill an average paragraph, ensuring a clean appearance and readability. Stay up to date with trusted information about your projects - never fly blind again. Know the current and forecast status of all your projects, customers, lines of business, and products. Replace data-mining and guesswork with fact-based decisions. All information is available in one place. You can make timely, informed decisions before 💩 happens. Motivate employees with meaningful goals that drive profitability Forecastify provides you and your employees with KPIs that they can continuously monitor and improve upon, directly leading to increased profits. No extra efforts: work smarter, not harder! You don't have to do more with Forecastify: 95% of your workflow stays the same, 5% just needs to be different, not more, to enjoy the benefits. Industry-specific features that are tailored for software departments and digital agencies. We have exactly the right set of industry-specific features and connections to the ecosystem the software development industry uses. Easy-to-implement, easy-to-use, user-friendly system A beautiful, intuitive, easy-to-use interface that eliminates duplication of effort. Allows you to work smarter, not harder! Best practices and great knowledge embedded in the system Forecastify was designed by experienced CEOs, PMOs and Engineering Managers from top software development companies. We then tested it in several highly successful software companies and enterprises, collecting and incorporating their feedback. All of their knowledge is available to you in the form of built-in features that you can benefit from. The great headline Short text for a typical Onepage use-case. Around 30 words suffice to neatly fill an average paragraph, ensuring a clean appearance and readability. Supporting features The following set of features are useful on their own and makes our core features possible. Frequently asked questions Schedule a demo with us now Discover how Forecastify can transform your business efficiency and innovation. Book your demo today and take the first step towards unlocking your full potential! Rest assured, after submitting your demo request, our team will contact you within 24 hours to schedule your personalized session. Core Features ## Sitemap: - [Project management glossary](https://forecastify.com/project-management-glossary) Project management glossary Project Cost The cost - a factual value - that we spend to complete a project, i.e. what it costs us: the sum of internal resources, subcontractors, suppliers and other costs. We distinguish between planned, actual, forecast and actual project costs. Planned Project Cost The project cost that we plan to spend before the project starts. For fixed-price projects, it is derived from the project budget. For T&M projects, it is calculated on the basis of the duration, the number of dedicated resources and their internal costs. Current / To Date Project Cost A fact that summarises the project costs (internal resources, subcontractors, suppliers, other costs) incurred to date for an ongoing project. Project Cost Forecast For an ongoing project, the project cost fact incurred to date plus the projected additional project costs. It is therefore an estimate of how much we expect to spend on the project by the time it is completed, based on our current information. Actual Project Cost A figure that can be determined for a completed project that tells us exactly how much we have spent on the project in total, including everything: internal resource costs, subcontractor hourly and fixed price costs, and other costs combined. This is a factual KPI. Project Finances Basic concepts Plan A preliminary plan for a measurable KPI associated with an activity. It can be a revenue, cost, profit, utilisation rate, deadline, etc. The bottom line is that it is our expectation of a measurable outcome related to an activity. Its achievement is measured later and the associated variances are managed. Forecast A KPI forecast that is based on and analyses factual data, using probabilities of trends and future expectations to predict the expected outcome for a given KPI. It is always an approximation of expected future data, not actual data. The deviation of the forecast from the plan indicates that something is deviating from the plan: it is going better or worse. Fact - to date, final An aggregate result for a KPI for an activity after it has been completed. The actual data cannot be changed, only analysed. A deviation of the actual data from the plan indicates that we have underperformed or overperformed compared to our plans. The factual data can be a 'to date' fact during the activity for the parts up to that point, or a final fact after the whole activity. Either way, it is already produced after analysis of past data. Time & Material Project pricing, a form of accounting in which the client is billed on the basis of inputs rather than a fixed, predetermined price. In most cases, labour is what is charged and the client is billed according to an agreed schedule, e.g. the number of hours worked per month by colleagues on the project. Project Revenue The amount the client pays us for completing the project. For fixed-price projects, this is the sum of the contract price agreed by the client in a tender and the income from any additional work done... - [QuickStart Guide](https://forecastify.com/quickstart-guide) Quickstart Guide Forecastify works best when it has lots of data available and configurations set. Setting it all up may seem daunting at first, which is why we have taken extra care to deliver results as early as possible. In the following articles you will find all the information you need to get going quickly, and how to delve deeper and complete all customization options later.