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Future Event

Something that has not yet occurred, but is forecast to occur or already planned or scheduled to occur. An event is not an ongoing state of affairs (future state). Future events apply to:

  • Maintenance
  • Renewals
  • Inspections
  • Warranty Reviews

Examples:
Listed below are some examples of future events:
  • It has been forecast that the roof will need to be replaced in 2023
  • The boiler is due for an overhaul next month

Methodology:
Future events are determined by:
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Fig. Illustration of future events and future states on a cash flow graph.


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See also:
Compare with:


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