Project Cost

The data model tracks project financials with measures such as Budget Quantity, Budget Amount, Commited Quantity, Commited Amount, Actual Quantity, Actual Amount, Cost Left to commit, Budget Remaining, Cost Margin Amount, and Total Cost Estimation. Additionally, it includes corresponding measures converted to reporting currency for financial analysis. Views like Cost Structure aid in cost breakdown analysis, while Financial Overviews offer expense and revenue insights, and Snapshot Compares enable trend identification through historical data comparisons.

Benefits of This Data Model

• Enhanced Cost Control: The data model enables better budget allocation and cost control by providing detailed cost breakdown analysis through views like Cost Structure.
• Improved Financial Insights: Users can gain a high-level financial perspective with the Financial Overview views, which offer summaries of expenses and revenue streams for tracking performance and profitability.
• Trend Identification: The Snapshot Compare views allow for trend identification by comparing current expenses and revenue figures with historical data, aiding in the detection of trends and anomalies.
• Efficient Project Analysis: With dimensions such as Project Code, Project Category, Sales Site, and Customer details, the data model facilitates efficient project analysis and performance monitoring.
• Currency-Adjusted Reporting: The ability to convert financial measures into reporting currency enhances financial analysis and comparison across different currency contexts.

Key Performance Indicators (KPIs)

• Budget Quantity: The planned quantity or units expected to be used for the project within the defined budget.
• Budget Amount: The total amount allocated for the project budget.
• Commited Quantity: The quantity or units already committed or contracted for the project.
• Commited Amount: The total amount already committed or contracted for the project.
• Actual Quantity: The real quantity or units used or consumed in the project.
• Actual Amount: The actual total amount spent or incurred for the project.
• Cost Left to commit: The remaining amount or budget not yet committed or spent.
• Budget Remaining: The amount remaining from the initial budget after actual and committed expenses.
• Cost Margin Amount: The difference between actual expenses and the budgeted amount, indicating cost efficiency or overrun.
• Total Cost Estimation: The overall estimated total cost for the project.
• Reporting Currency Budget Amount: The budget amount converted to the reporting currency for financial reporting.
• Reporting Currency Commited Amount: The committed amount converted to the reporting currency for financial reporting.
• Reporting Currency Actual Amount: The actual amount spent converted to the reporting currency for financial reporting.
• Reporting Currency Left to commit: The cost left to commit converted to the reporting currency for financial reporting.
• Reporting Currency Budget Remaining: The budget remaining converted to the reporting currency for financial reporting.
• Reporting Currency Cost Margin Amount: The cost margin amount converted to the reporting currency for financial reporting.
• Reporting Currency Total Cost Estimation: The total cost estimation converted to the reporting currency for financial reporting.

Available Visualizations

View Name	Description
Cost Structure	Analyzes the breakdown of costs for better budget allocation and cost control.
Financial Overview - Expense View	Displays a summary of expenses for a high-level financial perspective.
Financial Overview - Revenue View	Provides an overview of revenue streams to track performance and profitability.
Expense - Snapshot Compare	Compares current expenses with historical data to identify trends and anomalies.
Revenue - Snapshot Compare	Contrasts current revenue figures with past data to monitor business performance.