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.
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