Cost calculation formulas

Cost calculation formulas

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Here, you can find the formulas used for the cost calculations in the Financials module.

cost-calculation.png

Total cost

Rate applied

Formula

Required settings

Rate applied

Formula

Required settings

Box rate

Remaining estimate:

sum of (box hourly rate) * task workload hours

for each task in a period

Story Points:

sum of (box hourly rate) * Story Points for open tasks in a period * SP conversion ratio * AVG # working hours per day)

  1. Box hourly rate

  2. Tasks: estimates

  3. Tasks: start or end date (at least one within the calculation period).

Team rates

Remaining estimate:

sum of (team hourly rate) * task workload hours in a period

for each task in a period

and for each team

Story Points:

sum of (team hourly rate) * Story Points for open tasks in a period * SP conversion ratio * AVG # working hours per day)

for each team

  1. Team hourly rates.

  2. Team allocation to box.

  3. Tasks: estimates.

  4. Tasks: start or end date (at least one within the calculation period).

  5. Task - team assignment.

Actual cost

Rate applied

Formula

Required inputs

Rate applied

Formula

Required inputs

Box rate

Time Spent:

sum of (time spent * hourly rate)

Story Points:

sum of (box team rate) * (Story Points for completed tasks in a period * SP conversion ratio * AVG # of working hours per day)

  1. Box hourly rate.

  2. Tasks: time spent OR story points estimates.

  3. Tasks: start or end date (at least one within the calculation period)

Team rates

Time Spent:

sum of (time spent * hourly rate)

Story Points:

sum of (team rate) * (Story Points for completed tasks in a period * SP conversion ratio * AVG # of working hours per day)

for each team

  1. Team hourly rates.

  2. Team allocation to box.

  3. Tasks: time spent OR story points estimates.

  4. tasks: start or end date (at least one within the calculation period)

  5. Task-team assignment.

Remaining cost

Total cost - Actual cost = Remaining cost

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