CTF - Projects component: install and configure

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Use the CTF - Projects component to import project costs. The CTF- Projects component is not installed automatically with the standard Costing Standard project. The Projects component provides insights into project spend by type, cost center, projects, and IT towers. Applies to: Costing Standard on TBM Studio 12.4 and later

Uses

Use the CTF-Projects component reports to do the following:

  • Manage expense to budget
  • Identify spend levers
  • Align spend with business objectives
  • Align spend to strategy
  • Confirm value or cancel projects

Install the component

The CTF - Projects component is not installed with the standard Costing Standard project.

To install the CTF - Projects component:

  1. Open the Costing Standard project.
  2. Click the Project tab.
  3. Click Components in the Ribbon.
  4. Click the CTF - Projects component.
  5. Click Install.

Upload project data

If you want to track project costs in the Costing Standard application, you must upload project data and append and map the data to the Projects Master Data table. You can use the Projects reports to review IT spend by investment type and to view monthly project spend by OpEx and CapEx YTD.

Typical data sources

Project figures usually are pulled from project management applications.

Uploads

There is one project table: Projects Master Data. To populate the table, upload a project data table, and then append and map it to the Projects Master Data table.

Required and recommended fields

The required and recommended fields needed to light up the standard Costing Standard project reports are listed below.

  • Actual Complete Date (recommended)
  • Application ID (recommended)
  • Application Name (recommended)
  • Approved Budget (recommended)
  • Approved Business Case (recommended)
  • Baseline End Date (recommended)
  • Baseline Start Date (recommended)
  • Business Initiative (recommended)
  • Business Sponsor (recommended)
  • Business Unit ID (recommended)
  • Business Unit Name (recommended)
  • Due Date (recommended)
  • Expense Type (required)
  • IT Group (recommended)
  • IT Project Owner (recommended)
  • IT Resource Tower (recommended)
  • IT Sub-Tower (recommended)
  • Priority (recommended)
  • Project Description (recommended)
  • Project ID (required)
  • Project Lifecycle (recommended)
  • Project Manager (recommended)
  • Project Name (required)
  • Project Portfolio (recommended)
  • Service ID (recommended)
  • Service Name (recommended)
  • Spend Type (required)
  • Sponsor Business Unit (recommended)
  • Start Date (recommended)
  • State (recommended)
  • Status - Budget (recommended)
  • Status - Overall (required)
  • Status - Scope (recommended)
  • Status - Timeline (recommended)
  • Value - Gross Expense Reduction (recommended)
  • Value - Gross Revenue Increase (recommended)
  • Value - OpEx Reduction (recommended)
  • Value - Working Capital Reduction (recommended)