- - | # Time Phased Hours by Project/ Activity/ Control Code The Time Phased Hours by Project/ Activity/ Control Code report displays the time phased budget data and the actual hours utilized for the project in the current and the cumulative periods, at the control code level. Time phasing is based on the Earned Value (EV) method, specified for the activity. Note At the cost component level and the control code level, the time phased hours report is displayed only for the cost type; Labor. 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: Control Code (Description) The control code linked to the project. Period/ Cumulative Year The current/ cumulative year for which the report is generated. Period The current/ cumulative period of the year for which the report is generated. Planned Hours The estimated number of hours required for the completion of the project in the current/ cumulative period. Calculations are based on the Earned Value (EV) method, defined on the activity. Actual Hours The actual hours used to complete the project in the current/ cumulative period. Balance Hours The balance hours in the current/ cumulative period, calculated using the formula:
        (Planned Hours - Actual Hours)
  - Balance Hours % The balance hours expressed as a percentage:
        ((Planned Hours - Actual Hours)/ Planned Hours))*100