Reforecast

A reforecast is an updated estimate of future results that uses current actuals, remaining work and changed assumptions. It is a forward-looking management view, not a replacement for the approved historical budget or a guarantee of the final result.

An owner review could compare the reforecast with the original plan, identify the assumptions that changed and show the effect on expected income, expense, schedule or capital needs. Oracle's financial-planning guidance describes preparing a forecast by copying selected actual periods and recalculating drivers and trends; that is distinct from an estimate-at-completion formula and should be labeled clearly.

Source: Oracle: Calculating Actuals and Preparing Plans and Forecasts in Financials.