See it all the time, but not totally sure what it means?
Actuals
Actuals are hours logged in the timesheet provider and imported into Parallax.
- Actuals can only be added/edited/deleted from the timesheet provider
- Actuals can exist before project start
Actuals will be found in the Active Projects, Insights, and Project details just to name a few locations.
Allocations
Allocations are created in Parallax and represent the duration and burn of the plan for that offering role.
- May be added/edited at any time in the project lifecycle.
- Cannot be added before project start
Allocations will be found in the Sales Pipeline, Service Offering, Project details, and insights just to name few locations.
Bonus: Projected
Projected hours are calculated by summing the Actual hours worked to date and the remaining Planned allocations
- If you’re 2 weeks into a 3-week, 120-hour project, and of your 80 potential actual hours, you’ve only worked 70, you have 110 projected hours.