| # 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. |