Budget vs Actual Hours by Project

The Budget vs Actual Hours by Project report displays the planned hours against the actual hours of the project, for the available budget.

Select the required project and click Budget vs Actual Hours by Project/ Activity to view the report.

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.

• Group

  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 code of the project for which the report is generated.

• Planned Hours

  The budgeted hours required for the completion of the project. This is the Bottom-up budget specified in Infor LN (all budgets are considered, irrespective of the status).

• Actual Hours

  The actual hours utilized for the completion of the project.

• Balance Hours

  The balance hours calculated using the formula:

  (Planned Hours - Actual Hours)

• Budget %

  The balance hours expressed as a percentage:

  ((Planned Hours - Actual Hours)/ Planned Hours))*100