Hours or FTE
This field is used to indicate whether the assignment or plan entry will be entered in Hours or FTE (Full Time Equivalent) units.
If FTE is used for data entry, all entries are converted to hours based on a standard 8 hours per day (Monday - Friday) being equivalent to 1 FTE when saved to the database.
Note: FTE uses a standard 8 hours per day (Monday – Friday) as the basis of calculation, and will not consider Saturday, Sunday, Holidays or any other "Hours in Business Day" configured in Admin > Setup > People > Business Weeks.
Having an assignment permits charging to a project/task. If you specify a Budget (Hours or FTEs), however, the user's time entry will be limited to that amount if the Allow the budget to be exceeded flag is unchecked on the Project > People Assignments page. If the Allow the budget to be exceeded flag is checked, then the system will allow a timesheet user to enter any number of hours in their timesheet. . This limitation will be enforced during a timesheet submit action. The number of hours considered during this validation will be all hours charged for the current user to a project/task with all of the same attributes on the current assignment (i.e. user, project/task, project type, pay code, labor category, location, etc).