Clarity

We want to  implement Financial Management module of Clarity at a site.

How the Project Costing is done in Clarity? 

Hourly rate* planner of hours of resources should report estimated cost of a project.

If anyone has done project costing with CAPEX/OPEX example, could you please share your experience?

Thanks

Hi Mayank,

Basically the Cost Plan should give you the details what you are after. When you create a CP from Task(populate from Task Assignment), the ETC of the resource of the role/resource assignment * rate in the matrix gives you the planned cost which is your forecast. The actuals (from timesheet or transaction entry) * rate will give you the actual cost. 

You can use the Cost Type as grouping attribute in CP which will give you the cost based on Capex & Opex. 

You can also use the ETC from the team to calculate the forecast cost and actual cost - populate from Investment team. 

This is a very high level explanation of how to achieve what you are after, but if there is anything specific, please let us know. 

Thanks,

Jerin

Hi Jerin,

Thank you for your response.

When a project is proposed with cost plan, the requirements of the tasks and resources at a broader levels are known.

There are certain tasks of Capital nature and others of operating level.

How can I define a Task to be of CAPEX or OPEX category?

I don't see any financials set at the Tasks level.

Please advise.

Hi Mayank,

The Cost Type field in the task can be used to define it as Capex/Opex. 

Thanks,

Jerin

Hi Mayank,

Just thought of giving you this additional info. 

When you create a cost plan, make sure to include the Cost Type in the grouping attribute. If not, all the cost will be grouped under Operating Cost. 

Check these for more info around capex/opex 

CA Clarity Tuesday Tip: 13.2 Cost Type and Capitalization - Part 1 of 3
https://communities.ca.com/thread/101407392
   
CA Clarity Tuesday Tip: 13.2 Cost Type and Capitalization - Part 2 of 3
https://communities.ca.com/thread/101447590

CA Clarity Tuesday Tip:13.2 Cost Type and Capitalization - Part 3 of 3
https://communities.ca.com/thread/101494174

Thanks,

Jerin