Reports > Estimated Costs

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Hi there Can anyone confirm how 'Estimated Hours (All Dates)' is generated when running reports? I understood it to actuals + any forecast hours(based on future resource allocation), however I found this not be correct. I have a project that has ended where the actual hours are more than the estimated hours. Is the 'Estimated Hours (All Dates)' based on just resource allocations only? If so, how can I determine a total forecast cost for a project including actuals to date? Thanks

(Originally posted by Stingray)
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Posted 3 years ago

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Hi,

Thank you for using Replicon Community.

As you have made the correct conclusion, the Estimated Hours (All Dates) is based on resource allocations only.
To determine a total forecast cost for a project including actuals to date, set up a report based on Project template with a custom column. In the formula use TotalActualHours + TotalEstimatedHours.




 
Thanks



(Originally posted by Lingaraj Dharwad)
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Thanks for the reply. Does the 'estimated hours' include time that is in the past as well as future? I don't want to double count hours e.g if 'estimated hours' cover historical time then adding on the 'actual hours' will be double counting. Thanks

(Originally posted by Stingray)
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Hi,

Thank you for using Replicon Community.

The Estimated Hours you enter for a Project/Task is the Estimated Hours being pulled up in the reports for that Project/Task. It has nothing to do with Past or Future time entry, except for the fact that the time entry made against the Project/Task would be considered Actual hours and compared to the Estimated hours. This is to track the progress of the Project/Task and other comparison calculations.




 
Thanks



(Originally posted by Lingaraj Dharwad)