Dashboard > Forecasting
The Bench Cost report summarizes the cost of underutilized people using the Cost Rate (hr) value from their profiles. Use this report to determine what is 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
- Scenario Planning
Users with View Financial Fields are able to see 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 with the View confidential fields icon on the top right of the navigation bar.
Add or Edit Cost Rate (hr) Values
The Bench Cost report is calculated through 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
This feature helps quickly define default cost rates for each job title being 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 > Default Values.
Under the Cost Rate (hr) field of a person's profile, “Title default” is displayed next to the value 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. Clicking 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.
The default view shows all roles and titles. It gives the overall cost of underutilized people in the whole workforce.
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. Leveraging these People Filters will allow you to filter this data for key titles, offices, divisions, etc.
The Bench Cost 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 tracks anticipated costs based on the different opportunities that are being pursued. This feature makes workforce planning for awarded projects and opportunities easier and provides a better understanding of the impact of winning various pursuits on costs.
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.