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Analyze your project costs by project start/as-of/end dates and by fiscal period.
When the costs to multi-year, multi-organization projects are collected as they are incurred, how does your company's financial management team report project costs for a fiscal period? GLOVIA G2 Program Cost Accounting enables you to view data from two different perspectives: costs by project, regardless of fiscal period – and costs by fiscal period for one or more projects.
Same Old Data — Whole New View
One consistent issue that financial managers raise is their expectation to view project costs by fiscal period. However, project accounting is driven by project start and end dates, not fiscal period. GLOVIA G2 now provides you with both views of the project data.
Just What Is a Program Anyway?
The GLOVIA G2 "program" is an entity that resides at a higher level than a project. By allowing for costs to be reported to this higher-level entity, you are given the opportunity to identify costs from a global, multi-CCN, multi-year perspective.
Data mining is used to review the massive amounts of data that may exist for each program. The ability to search, sum and report requested results of this data enables you to perform analysis of the same data from a variety of perspectives.
Data for Profitability Analysis and Cost Management
- Budgets and their fiscal years
- Current and future commitments
- Actual labor hour quantities and costs
- Actual material, outside processing, scrap, and adjustment costs
Costs and Commitments compared to Budgets
- The original budget
- The revised budget
- The target budget
- The estimate-to-complete budget
Project Budgets to Actuals
- By labor and machine hours
- By program currency
- By cost as-of-date