Operating cost (actual vs. Budget) metric
Determines whether building operating costs are within spending targets.
- Name
- Operating Cost (Actual vs. Budget)
- 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® Maximo® Real Estate and Facilities.
- Source
- IFMA, BOMA, APPA
- Measurement
- Operating Cost (Actual vs. Budget)
- Dependent data that is calculated
- Financial Summary Object provides summary data for total operating costs
- Roles
- EN Workplace Executive
- FA Move Manager/Planner
- FA Space Manager/Planner
- OP Executive
- OP Service Manager
- OP Facility Assessment Manager/Planner
- Display chart types
- Capture Period: Horizontal Grouped Bar (percent) Chart (Capture Period: Vertical Grouped Bar (percent) Chart)
- Thresholds
- Low Threshold: $.85/RSF
- High Threshold: $1.50/RSF
- Range 1: Under Budget/Caution/Yellow
- Range 2: On Target/Positive/Green
- Range 3: Over Budget/Negative/Red
- Fact details
- Module: triMetricFactBusiness Object: triBuildingCostFact
Metric Queries: triBuildingCostFact - Metric - Operating Cost Ratio (Actual / Budget) Metric
- Drill paths
- Geography
- Location
- Service Class
- Capture Period
- Interactive filters
- Geography
- Location
- Service Class
- Building Tenure (Lease/Own)
- Organization (from cost code organization)
For US Federal Government:- Geography
- Location
- Service Class
- Real Property Type
- Real Property Use
- Mission Dependency
- Legal Interest
- Organization (from cost code organization)
- Static filters
- Cost Type = Operating
- Time
- Months
- Data point refresh rate
- Monthly, after month-end close and scheduled load of financial data