{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/38295aa53fe840609bffdaf926f52689\" frameborder=\"0\" width=\"1304\" height=\"978\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":978,"width":1304,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":978,"thumbnail_width":1304,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/38295aa53fe840609bffdaf926f52689-acdf66b18bf8e7a9.gif","duration":211.2,"title":"Faster Project Close-Out ICO Reconciliation","description":"This Loom introduces a new option for internal change orders during Project Close-Out when projects wrap up mid-month. It explains that current month actuals are excluded in the existing build-ups, forcing PMs into manual lump sum adjustments, extensive line-by-line edits, or waiting until month-end and delaying revenue recognition. The new Create ICO modal option “actual cost” recalculates every forecast line as actual cost including this month minus current budget, enabling one-click reconciliation with percent complete and earned revenue alignment. It also notes that after close-out the forecast is locked and a banner appears, with a workflow to revert back to active if costs were missing, plus a prompt option to create a reconciling ICO if there is a variance before the project closes."}