After approval of the proposal, project managers conduct a bi-monthly review of project hours, comparing planned vs. planned hours. performed vs. hours.
Its objective is to calculate the% of costs incurred in the project to make a forecast of the revenue to be recognized in that month and in the next. This is the first step in calculating project revenue.
It is applicable to projects whose revenue is recognized by the hour.
The current information in the Scheduled Hours has been modified. We no longer have visibility on:
The hours worked (in total and per month)
The planned hours
The sum of the expected + realized hours.
Having this information on the same site is central to having a macro view of the project and being able to plan correctly. Although dahsboards are a good support tool, at the time of the review it is not functional to have to enter and exit the menu to see what has been done.
Prevent Future Issues
Test the Planned Hours and verify that the Actual Hours information was restored via a context menu option (right click) in the Planned Hours grid;
The forecast now takes into account the actual hours.