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Forecast
Forecast

 

The Cost Simulator provides a rough estimate on:
  • what would be the final cost, 
  • the effort to deploy and 
  • the ideal team size to achieve the targeted earned values on the targeted end date. 

 

The simulation is based on:

  • the salary costs to date of a single earned value, 
  • the fixed known cost in the future and 
  • the average wage of the current team.
The Cost Simulator results are shown on the chart as black line with a black cross at the targeted end date.

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Simulator
Simulator
Cost Simulator


Clicking on the information icon will display online information on the calculation.
Simulate Button

Trigger the simulation computation by selecting a target end date and by entering an estimated earned value, than press "Simulate". A black line and cross point will appear on the chart to indicate the total cost compute at the targeted date.

Calculation to estimate cost at the targeted date:

  • Earned Value Cost (EVC) = the salary cost of one Earned Value
  • Salary Cost (SC) for total Targeted Earned Values (TEV) = EVC × TEV 
  • Total Cost = SC + all fixed expenses cost at the Targeted date
  • Compute the man-days: 

 

  • Note that if you select a non working day as a Target End Date, the cross will be aligned with the next working day.

 

Note

Since the current projection chart curve is based on the Schedule Performance Index (SPI) and that Cost Simulator use a different calculation method, the results may by slightly different. Ex: If you select the projected estimated last date and total earned value, the Cost Simulator results may be slightly different.

 

 

Target End DateTargeted end date.
∑ "Earned Value" (EV)Targeted total of earned values at the targeted end date.
ClearReset chart to the current state.
Results
Final CostEstimated total cost at the targeted end date.
Effort to completeTotal man-days to complete the targeted earned values at the targeted end date.
Team sizeEstimated team size needed to complete the targeted earned values at the targeted end date.

 

 

 


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Related pages:

Portfolio forecast