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We have a report that shows actual vs planned IF actual > planned, based on the last week's timesheets. I think you could tweak that.
It's an assignment report, with standard columns of project: name, task: name, assigned to: name, job role: name, task: percent complete, assignment: planned hours and a custom column for actual hours: (valuefield=actualWorkCompleted, valueformat=compound)
The filters we use are:
workRequired=FIELD:actualWorkCompleted workRequired_Mod=lt project:status=CPL DED project:status_Mod=notin project:ownerID=$$
project:ownerID_Mod=in
and there's also a prompt on the project name, in case a PM just wants to look at one rather than all.
If you only want to see PM's actual vs planned you could add a job role to the filter (and probably remove the actual > planned filter).
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