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.

Note: 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 (range) 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 this data:

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
  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