What does the Cost Planner look like?

EPM Live cost management capabilities are flexible and easy to use at both the summary level and detailed level. A key distinction between planning costs at the detailed level or summary level is the visibility of their budgets and actuals, broken down by labor roles. Whichever cost planning approach you to chose to use, EPM Live provides for flexibility. This article provides a of layout of the Cost Planner.

1. View the Cost Types

  1. View the five different cost type tabs. These tabs represent the different cost types.
  2. This view displays an example of planning at the summary level (cost category level). Planning at the summary level (cost category level) does not require the details of individual roles or the quantity of hours, to complete the initiative. This type of planning is focused more on the monetary amount rather than time. Organizations who plan their “labor” budgets do so with “labor” as the total sum of costs. Additionally, this may include breaking it down into multiple labor buckets, such as capitalized labor and or operational labor as seen in this example.

2. View the Cost Categories

  1. View the different Cost Categories displayed: Capital and Operational.
  2. View the items below the Cost Categories: Equipment, Software, Capital Labor, Other Capital, Labor, etc.

2.1. View an Example of Planning at the Detailed Level (Cost Category Role Level)

3. View the Values in the Grids

  • View the values entered in the grids to the right. These costs can be added manually and by capturing actual labor costs using the Timesheet Actuals.



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