Probabilistic forecasting estimates overall revenues using the expected value of future work including contracted, proposed, and projected jobs. This approach tends to accurately estimate total revenue and identify upcoming shortfalls. For instance, a significant revenue decline in period 7 of the example shown suggests more work is quickly required to maintain growth.

1. Probabilistic Forecasting Uses the expected value of a future project to estimate overall revenues based on contracted, proposed, and projected work Tends to correctly estimate overall revenue and identify upcoming gaps In the example shown, revenues drop off significantly in period 7 – indicating more work is urgently needed to sustain growth