As previously stated, assignments view is a culmination of Parallax's planning capabilities.
Assignment View by Projects
With great power comes great responsibility. Within the Assignments view by Projects, one has the ability to view each project's allocations and actuals by the employees assigned to the project by timeline and edit each project's allocations.
What you can do in Assignments View by Projects
Overviewing project allocations
Above is where you can view a Project's planned capacity.
Allocations:
Above you will see that project information can drop down displays were an employees hours are being spent.
Editing allocations
Above you will see that you can switch to edit mode to change the hours allocated to projects via employees.
Editing Notes or Tags
As you can see above, by hovering over a Project or Role, you can edit Tags and Notes applied to the Project/Employee.
For more tips and tricks, on how to optimize using the Assignments view please refer back to the Overview article.