Incurred costs planning

admileo has a dedicated module for incurred costs planning. With this module project costs from all relevant project accounts can be broken down according to individual items and distributed to time-related cost periods over the entire project runtime. Breaking the entire project runtime down into smaller time units facilitates a considerably improved measurability of the deviations from plan values and allows a more precise determination of the additional costs to be expected for a project. It will thus be possible to initiate change processes well in time. Moreover, it is possible to create forecasts for individual cost types.

The idea behind an incurred costs planning is simple:

Maximum control over the total costs incurred in a project.

How does incurred costs planning work?

Incurred costs planning is designed to break down the planned costs as well as the additional costs incurred in almost every project according to items and sub-items so that they can be distributed to cost periods over the project runtime; here, the additional costs are made up of actual costs already incurred and/or remaining costs as estimated and anticipated. The project is thus broken down into small temporal units, which can be forecast and measured separately. This "time grid" of the project will significantly improve the total cost forecast.

Full control over the origin of costs

admileo's incurred costs planning provides full control and the free definition of account categories, which can individually be grouped for every project from the existing project accounts. Every account category is given a specific tab, in which all cost types are planned and controlled in an intuitively operable table – for each project element separately AND at the touch of a button accumulated including subordinate elements. In addition, the incurred costs planning in admileo displays all information stored for cost periods in a clear chart.