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.
- The hours forecast report at the control code level is displayed only for the cost type, Labor.
- Generate and approve the forecast (in Infor LN) of all the budget lines in Infor LN, for an optimal BI forecast.
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 this data:
-
Control Code (Description)
The control code linked to the project.
-
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
The estimate to complete is the additional cost incurred for an activity or a project.
(Estimate To Complete = Estimate At Completion - Actual Cost)
-
Estimate at Completion
The estimate at completion is the total cost incurred for an activity or a project.
-
Variance at Completion
Variance at Completion is the difference between the budgeted amount and the estimated amount, at the end of the project.
Variance at Completion = Budget - Estimate at Completion
-
Estimate to Complete