<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/38295aa53fe840609bffdaf926f52689&quot; frameborder=&quot;0&quot; width=&quot;1304&quot; height=&quot;978&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>978</height><width>1304</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>978</thumbnail_height><thumbnail_width>1304</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/38295aa53fe840609bffdaf926f52689-acdf66b18bf8e7a9.gif</thumbnail_url><duration>211.2</duration><title>Faster Project Close-Out ICO Reconciliation</title><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.</description></oembed>