New Construction Cost / Area metric
Determines cost efficiency by comparing the new construction cost to the overall area for new construction.
| Details of the metric | Description |
|---|---|
| Name | New Construction Cost / Area (Capital Projects Only) |
| Category | Financial |
| Analysis objective for exception conditions | Identifies business units or programs that have higher than average building costs and drill in to the project costs to identify the cause. |
| Description | Provides visibility into the average cost of new construction per square foot. This information helps provide more accurate new construction estimates. It also allows management to focus on projects or teams with overly high average costs. This metric provides a gauge for seeing price increases and decreases over time to help predict future cost changes. |
| Source | Customer Focus Group |
| Measurement | Actual Costs Incurred (new construction projects only) / Project Gross Construction Area (or Project Usable Area) |
| Dependent data that is calculated | Project Gross Construction Area and Project Usable Area |
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| Display chart types | Value-based: Horizontal Grouped Bar Chart |
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| Fact details | Module: triMetricFact Business Object: triCapitalProjectFact Metric Queries: triCapitalProjectFact - Metric - New Construction Cost (USD / GSF), triCapitalProjectFact - Metric - New Construction Cost (USD / USF) |
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| Time | Months |
| Data point refresh rate | Monthly |