Overview of Artificial Intelligence (AI) Features

⏱️2 minute read

Artificial Intelligence (AI) and Machine Learning (ML) rely on mathematical algorithms that learn from data over time. By recognizing patterns and evaluating outcomes, AI can provide accurate, data-driven estimates to end users. Forecast’s AI and Nova Insights work together to help you stay ahead of project timelines, keep budgets on track, predict task overruns, and receive smart resource suggestions so you can make better decisions, faster.

The Artificial Intelligence (AI) features in Forecast are:

• Nova Insights
  • Projects
  • Tasks
  • Financials
• AI for Tasks
• AI for Resourcing
• AI for Time Registrations

Nova Insights

Nova Insights provides four (4) intelligent insights for project budgets, task performance, team focus and predicted project end giving you a quick, clear overview of how your projects are performing.

Projects

Nova Insights: Predicted Project End helps you make informed decisions by highlighting areas that need attention, like missing time entries or budget overruns.

• Nova Insights: Predicted Project End

Nova Insights: Team Focus shows if team members are logging more or less time than allocated, allowing you manage your resources more effectively.

• Nova Insights: Team Focus

Tasks

Nova Insights: Task Performance gives a quick overview of how tasks are being actioned within a specific project. 

• Nova Insights: Task Performance

Financials

Nova Insights: Budget is available for Fixed Price projects. It helps you track the resources and hours needed to complete a project, compared to its overall Fixed Price. Budget tolerance is defined at the company level but can also be customized for individual projects.

• Nova Insights: Budget
• Setting your Budget Tolerance

AI for Tasks

Task Overrun Alerts help you monitor tasks that are at risk of taking longer than expected. 

• Task Overrun Alerts

Task Management Suggestions assist you with finding the right roles, assignees or work estimates.

• Task Management Suggestions

AI for Resourcing

Forecast’s AI for Resourcing provides smart suggestions for task assignments and work estimates based on data captured in your account.

• Bulk Actions for Tasks

Availability Meter in Scoping compares a team member’s allocated project time with task hours to help prevent over-assignment.

• Scoping a Project

Find Available Team Member analyzes your team’s roles, skills, and levels to suggest the most suitable and available resources for your projects.

• Staffing Placeholder Allocations

AI for Time Registrations

AI for Time Registrations offers intelligent assistance for logging time, helping you and your team track time more efficiently.

• Time Registration Helpers