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Project Time Expenses

The data model captures operation and adjustment metrics alongside project expenses in various currencies, providing insights into completion rates, quantities, and financial commitments. It allows tracking planned versus actual costs for time-related expenses and analyzing employee time spent and labor rates, supporting budget optimization, resource planning, and cost control efforts.

Benefits of This Data Model​

  • Enhanced Financial Visibility: Gain insights into project expenses across multiple currencies, allowing for a comprehensive view of financial commitments and completion rates.
  • Optimized Resource Allocation: Track planned versus actual costs for time-related expenses, enabling better budget optimization and resource planning.
  • Improved Cost Control: Analyze employee time spent and labor rates to monitor and control costs effectively, supporting overall cost control efforts.

Key Performance Indicators (KPIs)​

  • Operation Rate: The rate at which operations are completed within a given time frame.
  • Operation Quantity: The total quantity of operations carried out.
  • Adjustment Rate: The rate at which adjustments are made to the project expenses.
  • Adjustment Quantity: The total quantity of adjustments made to project expenses.
  • Total Amount: The overall total amount of project expenses.
  • Commit Amount: The amount committed for the project expenses.
  • Actual Amount: The actual amount spent on project expenses.
  • Reporting Currency Total Amount: The total amount of project expenses converted to the reporting currency.
  • Reporting Currency Commit Amount: The committed amount for project expenses converted to the reporting currency.
  • Reporting Currency Actual Amount: The actual amount spent on project expenses converted to the reporting currency.

Available Visualizations​

View NameDescription
Time Related Expenses Commit vs ActualTrack planned vs actual costs for time related expenses to optimize budget allocation.
Employee - Time Spent and Average Labor RateAnalyze time spent by employees and average labor rates for resource planning and cost control.