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The Reporting and Forecasting Tool (RAFT) shows Institute Fiscal Officers what has been charged to their Cost Objects and forecasts changes to those charges based on changes in their base budget. We are working on RAFT Phase III. The live application, Phase II, is located at https://mv-ezproxy-com.ezproxyberklee.flo.org/
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Release Notes
RAFT PIII 06/20/2013 Release
RAFT Version 3 makes viewing financial data and forecasting easier. It includes a host of user interface improvements and a new look. We are currently in pilot and plan to enter MIT-wide usage in the beginning of July 2013. To see the current bug list for RAFT PIIII or to add new ones, please go to Jira Bug List for RAFT3
Change |
Impact |
|---|---|
New user interface |
Better color contrast, easier to use and understand |
Persistent Left Navigation |
Lets users navigate to exactly the cost object or forecast they want; provides a view of person worksets (My Raft and Shared) and system-generated worksets (PI and Department) |
Breadcrumbs |
Shows user where they are. Let's them navigate back. Also shows the current workset context (all cost objects and forecasts are in a workset context) |
Alerts |
Tells users what issues exist with their cost objects and the people paid on those cost objects |
News |
Tells users what is going on RAFT-wise: when is the next training, the next system outage or the next upgrade. |
View and Forecast Buttons |
Take users right to where they want to go: To View for reconciliation; To Forecast for financial planning |
New Forecast Screen |
Lets users see Actuals and Commitments, edit Commitments, and add Forecast line items to every Cost Object they have view rights to. |
Share Forecast |
Lets users share a personal forecast with users of their choice |
Publish Forecast |
Lets users copy forecasts to system-generated worksets where all Roles Authorized users can see them |
People by Month Forecast |
Lets users forecast in a montly grid, versus an arbitrary date-based ledger line (People by Ledger) |
RAFT P11 10/03 Release
Changes:
Change |
Impact |
|---|---|
New Grids |
This is an infrastructure change which includes the following impacts: |
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New CO Balances |
New Balance calculations in place. Details below |
New Workset Balances |
New Workset balances in place. Details below |
Balance changes:
We have added new balance calculations when working with a cost object or a workset (cost object group)
Cost Object balance changes:
We have added a toggle to choose between the two balance types. The formulae used for each Balance type are:
Budget Code Balance: Budget - (Actuals + Commitments + Forecast) = Balance for the specified date range. Which budget used is determined by the selection of the budget code in the upper right. For most users the default Budget Code will be 'COA' for Cost Object Award.
Institute Balance: (By Cost Object Type or Cost Collector Category Code)
Cost Object Type |
Balance Formula |
|---|---|
Project WBS |
Authorized Total - Expenses = Balance |
Cost Center |
Institute Budget - Expenses = Balance |
Fund (Not Sponsored) (FNDNS) |
Revenue + Expense = Balance |
Internal Order (all others) |
Authorized Total - expense = Balance |
Consolidated Balances include children
Workset Cost Object balance changes:
We have added Insitute Balance, Institute Balance with children, Budget Code Balance,
Budget Code balance with Children, and Authorized Total to the Workset Cost Object Details tab.
RAFT II Milestones
- Milestones will be added here.
- Some additional release will be found on this page: Service Transition Plan.
Learn and Contribute
- We are building white papers in How Is RAFT Made?. We welcome your wiki comments there.
Contacts
- Please direct questions about the RAFT project or for support to raft-support@mit.edu.
- You can see details for specific RAFT development teams here.