Project Actuals vs Budgets

The data model encompasses budget and actual metrics related to project financials, including budget cost, revenue, and profit values, along with quantities. It evaluates variances between budgeted and actual values for costs, revenues, and profits. The model also calculates profitability ratios based on cost and revenue values. Additionally, it includes views like "Cost vs Revenue" for cost-revenue analysis and "Profitability" for strategic decision-making based on actual vs. budgeted data.

Benefits of This Data Model

• Improved Financial Performance Analysis: Provides a comprehensive comparison of project costs and revenues, enabling better financial performance analysis.
• Enhanced Decision-Making: Facilitates strategic decision-making by evaluating project profitability based on actuals versus budgeted values.
• Profitability Ratio Calculation: Automatically calculates profitability ratios based on cost and revenue values, aiding in assessing overall project profitability.
• Detailed Cost-Revenue Analysis: Enables detailed analysis by comparing project costs with generated revenues through the "Cost vs Revenue" view.
• Variance Assessment: Evaluates cost and revenue variances between budgeted and actual values, assisting in identifying areas needing improvement.

Key Performance Indicators (KPIs)

• Budget Cost Quantity: The estimated quantity of resources or materials required for the project as per the budget plan.
• Budget Cost Value: The monetary value associated with the estimated cost of resources or materials required for the project as per the budget plan.
• Budget Revenue Quantity: The estimated quantity of revenue expected to be generated from the project as per the budget plan.
• Budget Revenue Value: The monetary value associated with the estimated revenue expected to be generated from the project as per the budget plan.
• Budget Profit Value: The expected profit value calculated by subtracting the budget cost from the budget revenue.
• Budget Profit Over Cost: The ratio of budget profit value over the budget cost value.
• Budget Profit Over Revenue: The ratio of budget profit value over the budget revenue value.
• Actual Cost Quantity: The actual quantity of resources or materials utilized for the project.
• Actual Cost Value: The actual monetary value associated with the cost of resources or materials utilized for the project.
• Actual Cost Committed: The amount of money already spent on committed costs for the project.
• Actual Revenue Quantity: The actual quantity of revenue generated from the project.
• Actual Revenue Value: The actual monetary value associated with the revenue generated from the project.
• Actual Profit Value: The actual profit value calculated by subtracting the actual cost from the actual revenue.
• Actual Profit Over Cost: The ratio of actual profit value over the actual cost value.
• Actual Profit Over Revenue: The ratio of actual profit value over the actual revenue value.
• Cost Variance Quantity: The variance between the budgeted cost quantity and the actual cost quantity.
• Cost Variance Value: The monetary variance between the budgeted cost value and the actual cost value.
• Revenue Variance Quantity: The variance between the budgeted revenue quantity and the actual revenue quantity.
• Revenue Variance Value: The monetary variance between the budgeted revenue value and the actual revenue value.

Available Visualizations

View Name	Description
Cost vs Revenue	Compares project costs with generated revenues to analyze financial performance.
Profitability	Evaluates project profitability by comparing actuals against budgeted values for strategic decision-making.