Dashboard > Forecasting
The Bench Cost report summarizes the cost of underutilized people using the Cost Rate (hr) value from their profiles or Settings. Use this report to determine the financial impact of people sitting on the bench.
Table of Contents
- Permission Groups
- Add or Edit Cost Rate (hr) Values
- Default Cost Rate
- Viewing the Report
- Filtering
- Scenario Planning
Permission Groups
Users with View Financial Fields can view the Bench Cost report. Only Administrators have this permission by default.
Custom permission groups can be created to let other users view the Bench Cost report and Cost Rate values.
Cost Rate (hr) values are also hidden by default but can be toggled ON with the icon on the main navigation bar.
Add or Edit Cost Rate (hr) Values
The Bench Cost report is calculated from a person's Cost Rate (hr) value. To add or edit a person's Cost Rate, open their profile and select the Details tab. Another option for updating the Cost Rate is Default Cost Rate.
Default Cost Rate
Set the default cost rates for each job title tracked in Bridgit Bench. Rather than entering the Cost Rate (hr) for each person one by one, set a default rate for every person with a particular title.
Administrators can add default cost rates under Settings > People > System Fields > Title Cost Rate Defaults.
“Title default” is displayed in the Cost Rate (hr) field of a person's profile, if it is populated through the default Cost Rate.
The default Cost Rate doesn't override any manually entered cost values.
Viewing the Report
Any person with a Bench Cost is displayed to the right of the report. Selecting a different month/graph bar updates the people to reflect who has a Bench Cost for the selected month.
“No cost rate” will display if someone is missing a rate:
By default, the Bench Cost report assumes all pursuits are won. Scenario Planning can be used to see how the Bench Cost will change with only selected pursuits won.
Filtering
The default view shows all roles and titles. It gives the overall cost of underutilized people in the whole workforce.
People & Project Filters
The Bench Cost report can be broken down by using People Filters. This filter consists of system and custom People fields entered in the People Settings.
The report can be further broken down by using Project Filters. This filter consists of system and custom Project fields entered in the Project Settings.
Scenario Planning
Scenario Planning tracks anticipated costs based on the different opportunities being pursued. This feature displays the impact of winning various pursuits on cost.
For example, filter pursuits accordingly to create a “what if” scenario that will help determine where cost issues could arise if a project is awarded.