Hours Forecast by Project

The Hours Forecast by Project report allows the project manager to analyze the planned hours, the actual hours utilized to complete the project and determine the variance, for the specified range of data.

Select the required project to view the hours forecast data of the project at the activity level.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The code of the project for which the report is generated.
  • Status
    The project status.
  • Acquiring Method
    The method used to acquire the project.
  • Financing Method
    The financing method used for the project.
  • Business Sector
    An area of commercial endeavor. Projects can be categorized based on the business sector.
  • Geographical Area
    The geographical area associated with the project.
  • Category
    The user-defined classification of the project.
  • Program
    A group of related projects managed in a coordinated way to obtain more benefits and control.
  • Project Manager
    The employee who manages the project.

The report displays:

  • Project
    The project for which the forecast report is generated.
  • Planned Hours
    The budgeted number of hours required for the completion of the project.
  • Actual Hours
    The actual number of hours utilized to complete the project.

  • Forecast

    • Estimate To Complete (ETC)

      Estimate To Complete is the additional cost incurred for an activity or a project.

      Estimate To Complete = Estimate At Completion - Actual Hours
    • Estimate At Completion (EAC)

      Estimate At Completion is the total cost incurred for an activity or a project.

    • Variance At Completion (VAC)

      Variance At Completion is the difference between the budgeted hours and the estimated hours, at the completion of the project.

      Variance At Completion = Planned Hours - Estimate At Completion