In This Article

Overview

Benefit for Month

• Using VDT Calculation Method
• Using Manual Capture (If ONLY Improvement Value)
• Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

Benefit per Day

• Using VDT Calculation Method
• Using Manual Capture (If ONLY Improvement Value Captured)
• Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

Annualized Benefit

• Using VDT Calculation Method
• Using Manual Capture (If Only Improvement Value)
• Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

Target Annual Benefit

• Using VDT Calculation Method
• Using Manual Capture (If ONLY Improvement Value)
• Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

Other Benefit Grid Items

Summary

Related Articles:

Overview

Once the new Benefit calculation method is activated (see article: New Monthly Benefit Calculation Method), the Benefit Grid will display values using the monthly benefit amounts generated by this monthly benefit calculation method. This article explains how these Benefit Grid rows are calculated and populated.

Benefit for Month

Using VDT Calculation Method

The values for the monthly Benefit for Month are sourced from the root/output KPI

Using Manual Capture (If ONLY Improvement Value)

The Benefit for Month is calculated as Benefit per Day * Production Days

Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

The Benefit for Month is the Actual Monthly Benefit captured for the month

Benefit per Day

Using VDT Calculation Method

The values for Benefit per Day are calculated using Benefit for Month/ Production Days

Using Manual Capture (If ONLY Improvement Value Captured)

The values for Benefit per Day are calculated using Annualized Benefit / Benefit Duration

Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

The values for Benefit per Day are calculated using Benefit for Month/ Production Days

Annualized Benefit

Using VDT Calculation Method

The values for the Annualized Benefit are calculated using the Benefit per Day * Benefit Duration

Using Manual Capture (If Only Improvement Value)

The Annualized Benefit is equal to the Target Annual Benefit

Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

The values for the Annualized Benefit are calculated using the Benefit per Day * Benefit Duration

Target Annual Benefit

Using VDT Calculation Method

The values for Target Benefit are calculated as the (Target Benefit / Production Days) * Benefit Duration 

Using Manual Capture (If ONLY Improvement Value)

The values for Target Benefit are calculated as the Target Benefit / (Production Days* Benefit Duration)

Using Manual Capture (If Improvement Value AND Actual Monthly Benefit)

The values for Target Benefit are calculated as the Target Benefit / (Production Days* Benefit Duration)

Other Benefit Grid Items

The following calculations on the grid always remain consistent, regardless of VDT and Manual Capture:

• Cash In Forecast
• Cash In
• Cash Out Forecast
• Cash Out
• Production Days = Production days of the month up until today
  
• Ongoing Benefit =Benefit For Month
• Net Target Benefit = Target Benefit less (Cash In F. plus Cash Out F.)
  
• % of Target Improvement Achieved = (Annualized Benefit / Target Annual Benefit) * 100
• Variance vs Target Annual Benefit = Annualized Benefit less Target Annual Benefit

Summary

Monthly Benefit Calc Method (Using VDT)

Monthly Benefit Calc Method (Manual Capture)

Monthly Benefit Calc Method (Manual Capture) - When 'Actual Benefit for Month' is captured

Related Articles:

New Monthly Benefit Calculation Method

Annualized Benefit Calculation Method