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New Business Units and Improved Algorithm

We are happy to announce some major changes to the Forecast platform that recently has gone live. Some of you might have noticed them already. :)

Organizational structure and Business Units

We have added the option to add organizational levels and business units. This enables a company to organize projects within the correct business units and limit certain project types to certain units e.g. business unit A can only create projects of type 1 and 2 but business unit B can create projects of type 2 and 3 etc. This enables easier control and management of the individual project types.

Most importantly though, the introduction of business units enable our advanced Automatic Learning Algorithm (ALA) to tune itself to the individual business units as they might operate vastly different and have different ways of working. This enables the ALA to give much more accurate suggestions for effort as we can calculate at a much more granular level but also roll up to any level above should the mass of projects not be high enough to make statistical sense.

Groupings for Project Phases

As a company can have an arbitrary number of project phases in their project models we have now introduced groupings for the individual phases. This again enables our ALA to do more accurate calculations without sacrificing the flexibility of creating project phases / task types in anyway the user sees fit.

Updates to the website and our development progress

Also, we have updated the website with a dedicated page to reflect all the new features.

You can see the new comprehensive feature list here: forecast.it/features

To follow our development process you can, as always, find our product updates and feature roadmap here: forecast.it/changelog

By all means feel free to let us know what you think.

 

Do you want to see a demo of what Forecast has to offer; then book a personal 30 min. slot with our success team.

Danny Larsen
ABOUT THE AUTHOR | Danny Larsen
My name is Danny Larsen and I’m co-founder and CTO in Forecast. After graduating university with a degree in Computer Science, I helped start Forecast and we're changing the way projects are managed!
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