Operating Cost (Budget vs. Actual vs. Forecast) metric
Determines whether building operating costs are within spending targets.
| Details of the metric | Description |
|---|---|
| Name | Operating Cost (Budget vs. Actual vs. Forecast) |
| Category | Financial |
| Analysis objective for exception conditions | Determines which buildings are within targets or performing poorly to budget goals. Uses time trend analysis to compare seasonal peaks, anomalies, or trends. |
| Description | Facilitates the measurement of actual costs against budgeted costs, which are represented by cost codes in IBM® TRIRIGA®. |
| Source | IFMA, BOMA, APPA |
| Measurement | Operating Cost (Budget vs. Actual vs. Forecast) |
| Dependent data that is calculated | Financial Summary Object provides summary data for total operating costs. |
| Roles |
|
| Display chart types | Capture Period: Line/Bar Chart |
| Thresholds | None |
| Fact details | Module: triMetricFact Business Object: triBuildingCostFact Metric Queries: triBuildingCostFact - Metric - Operating Cost (Budget vs Actual) Metric |
| Drill paths | Capture Period |
| Interactive filters |
|
| Static filters | Cost Type = Operating |
| Time | Months |
| Data point refresh rate | Monthly, after month-end close and scheduled load of financial data |