Hours Forecast by Project
The Hours Forecast report helps the project manager to analyze
the planned hours, actual hours used to complete the project and determine the
hours variance. This report also allows the user to manually define the
Forecast Inflation Index % at the control code level.
The various reports that can be generated:
- Hours Forecast by Project
- Hours Forecast by Project / Activity
- Hours Forecast by Project / Activity / Control Code
The Hours Forecast report displays the following
data:
- Planned Hours: Planned hours data is based
on the last approved version in the BI.
- Actual Hours: Actual hours data is
transferred from Infor LN.
- Progress: The progress data is transferred from Infor LN.
- Forecast: The forecast data is defined in
the BI.
- Additional Hours: Mark up (or down %) that
must be applied on the Estimate To Complete Hours. Note: Additional Hours is
modified at the control code level.
- Estimate to Complete (ETC): Estimate-To-Complete is the additional hours required to
complete an activity or a project.
- Estimate-at-Completion (EAC): Estimate-At-Completion is the total number of hours to
complete an activity or project. Estimate At Completion=Estimate To
Complete + Actual Hours
- Variance At Completion (VAC): Variance At
Completion is the difference between the actual hours and the planned hours at
the end of the project. Variance At Completion = Planned Hours-
Estimate At Completion
To generate the report:
- Specify the range of data for the report must be
generated.
- Review the data.
- Click the project code in the Project field.
- You can view the Hours Forecast by Project / Activity report at
the activity level and also the forecast hours data such as estimate to
complete, estimate at completion and the variance at completion.
- Click the activity code in the Activity field.
- You can view the Hours Forecast by Project / Activity / Control
Code report for the specified data at the control code level.
Note
At the control code level:
- The hours forecast report is displayed only for the cost
type, Labor.
- The Additional Hours can be modified.