Hours Forecast by Project/ Activity/ Control Code

The Hours Forecast by Project/ Activity/ Control Code report allows the project manager to analyze the planned hours, the actual hours utilized to complete the project and determine the variance; at the control code level.

Note

The hours forecast report at the control code level is displayed only for the cost type, Labor.

To generate the report, specify:

  • Company
    The code of the company.
  • Project
    The code of the project for which the report is generated.
  • Activity (Description)
    The activity linked to the project.

The report displays:

  • Control Code (Description)
    The control code linked to the project.
  • Planned Hours
    The estimated 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