DA Cost Summary Reports are designed to analyze the costs of a project according to the project hierarchy. The report also allows you to configure the report and view it from an existing budget. DA Cost Summary Reports can be grouped by option or by group.
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Group By Option
Choosing the right groupings for your project types and subaccounts is a matter of choice. The right choices will ensure the best cost performance in the end. In fact, it is best to pick a grouping that is not too broad, so that the report will be more focused. To make the right choices, you might want to read up on your organization’s underlying cost structure, its organizational chart and its various project types, including projects, folders and subaccounts. To find your groupings, click on the Groups tab and choose the ones that best suit your needs.
The groupings page is where you can find the most pertinent information about your organization’s cost structure. Getting the right information will ensure your organization’s cost performance is on the cutting edge. The right information will also ensure your organization’s budget allocations are on par with those of the newest and most nimble competitors. For instance, if you have a few projects that are stand-alone, you can group them into one subaccount.
Analyze Your Costs By Project Hierarchy
Using a spreadsheet to analyze your costs by project hierarchy is a bit of a pain, but the results are worth the effort. This is especially true of those involving several projects grouped under the same umbrella. The cost of resources such as manpower and data storage can be easily calculated. The best way to do this is to use an online spreadsheet to automatically import your spreadsheet into the Google Cloud Console. The results can then be easily exported to your chosen cloud provider’s desktop application. This allows you to analyze your costs by project hierarchy in a more controlled environment.
There are dozens of spreadsheets out there, and each can contain numerous project data sets. It is not uncommon to find one that contains several hundred thousand records. The task of importing and categorizing each record will be a daunting task, especially if you have several dozen projects to go through. The resulting report will be a treasure trove of cost information.
View A Cost Summary Report From An Existing Budget
Using the Cost Summary tab, you can enter summary information for a cost budget. This information provides visibility into the budget status and allows for anticipating expenditures.
The Cost Summary report provides an overview of costs for the current month. This includes costs by item, cost by project, total value, and funded value. It also displays the total forecasted cost, a chart showing cost breakdowns, and a line chart showing the trend. This information is only available for approved budgets.
In the Cost Summary bar, you can see the actual cost to date, a red dashed line showing the budget’s target amount, and a trend line indicating the direction the cost trend is expected to go. In most report settings, the budget amount line is not displayed. However, it can be restored by adjusting certain report settings.
We can also customize the cost summary report. Anyone can save your custom report views and share them with other users. You can also bookmark your customized report URLs to save time.
Configure A Cost Summary Report
Using the Flexible Analysis Template, you can configure a Cost Summary Report for DA. This allows you to view time charged to a project, along with the billable value. You can also view the revenue generated by a project.
To configure a Cost Summary Report, you will need to know the project’s ID and the type of analysis you are interested in. You can choose from the pre-defined Summarization Option templates available. You can also create your own.
Cost analysis is used to review transactions for projects and to make comparisons of the budget versus the actual amount. Project costs include financial document labor, expense and item detail lines. Unmapped labor includes direct costs not mapped to cost elements. You may also include ODC costs.
Cost breakdown shows total costs, subtotal, bars for charges, and credits. It adjusts to account for aggregated credits. Cost breakdown also shows specific resources. You can display all Cloud Billing account costs.