Target-actual value comparisons

for deviation analyses with FACTON EPC

Comparisons between target and actual values performed in FACTON EPC provide early indicators of the effects on the overall product costs of proposed changes, and of errors in cost projections and development projects. By obtaining transparent information that explains why the actual and target costs deviate from each other, steps can be taken to counteract such discrepancies. 

Comparisons between target and actual values performed in FACTON EPC provide early indicators of the effects on the overall product costs of proposed changes, and of errors in cost projections and development projects. Without this information, it is virtually impossible to assess why the actual and target costs deviate from each other, and companies are unable to take appropriate action. FACTON EPC regularly compares the initially budgeted costs and profits for products and projects with the latest costing figures. Through deviation analyses, errors in the planning process as well as costs and profits can be scrutinised in order to devise effective countermeasures.

 

Target-actual cost comparisons in FACTON EPC

FACTON EPC allows for quick comparisons between target and actual figures, as historic cost calculations are automatically saved at regular intervals for use in such comparisons. The software even allows for the simultaneous comparison of multiple costing versions. Comparisons can be performed at various levels: BoM structure, cost structure, and costing assumptions (such as overheads and exchange rates).

Versionsvergleich mit FACTON EPC

 

Transparent deviation Analysis  

For detailed deviation analyses, FACTON EPC provides a number of reports showing the differences in the costing, their causes and the parameters that led to these discrepancies. With this information, companies are in a position to prevent costs running out of control. In addition, they can take targeted corrective action when needed.