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Large Plant Terrarium. Ark Pvp Arena. Equirectangular Environment Map. Electric Scooter Dual Motor Adult. Compare estimated hours with actual hours as you move through project phases, and get baseline, minimum, and maximum estimates for total project costs. Microsoft Excel Smartsheet. Conduct a cost benefit analysis to determine the value of an IT project over several years. This project cost analysis template includes four spreadsheet tabs.
The first two tabs compile projected and current value costs and benefits; the third combines total costs and benefits for a cumulative cost benefit profile; and the fourth tab provides a cost benefit analysis of alternatives.
The template also includes example cost categories and covers an eight-year timeline. Empower your people to go above and beyond with a flexible platform designed to match the needs of your team — and adapt as those needs change. The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done.
Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. Try Smartsheet for free, today. Get a Free Smartsheet Demo. In This Article. Project Cost Estimating Templates. Parametric Project Cost Estimating Template. Activity Cost Estimate Template.
Project Cost Management Templates. Project Cost Management Plan Template. Project Cost Control Template. Project Cost Schedule Template. Project Cost Tracking Template. Construction Project Cost Templates. Construction Project Cost Tracking Spreadsheet.
Construction Project Cost Comparison Template. Remodeling Project Cost Estimate Template. IT Project Cost Templates. Software Development Project Estimate Template. The Costing sheet also includes calculations of the total product cost of the manufactured product cell H4 , the total what-if cost of the manufactured product cell J4 , the cost variance between the total product cost and the total what-if cost cell K4 , the product cost of each component column H , the what-if cost of each component column J , the component cost percentage in relation to the total product cost of the manufactured product column I and the difference between the product costs and what-if costs of each component column K.
Refer to the What-If Costs section of these instructions for more guidance on the what-if cost calculations. Note: The Costing sheet can accommodate a maximum number of 30 components per manufactured product. If you therefore link more than 30 components to a manufactured product on the BOM sheet, all the components will not be included on the product costing and the costing will therefore not be accurate.
Note: The total product cost in cell H4 on the Costing sheet is the same as the product cost of the manufactured stock item that is included in column H on the StockCode sheet. The Costing sheet can therefore be used to view a detailed breakdown of all the cost components that are included in the product cost of any manufactured stock item. Note: Bought-in stock items are purchased from suppliers and should therefore not contain any components.
As we've mentioned before, all stock items that are not linked to components on the BOM sheet are classified as bought-in stock items. If you select a bought-in stock item from the list box in cell A4, no stock components or costs are therefore listed on the Costing sheet and the stock type in cell C4 is highlighted in orange.
If the stock code that you selected is supposed to be a manufactured stock item, the fact that it is classified as a bought-in stock item means that no components have been linked to the stock item on the BOM sheet. Note: If you duplicate a stock component that is already linked to a particular manufactured product on the BOM sheet, the stock component will be also be duplicated on the product costing and result in an inaccurate product cost calculation.
We have therefore implemented conditional formatting on the Costing sheet in order to highlight all duplicated components in orange in column I. If an orange cell background is displayed in any cell in column I, the appropriate component needs to be deleted from the BOM sheet in order to correct the duplication.
We recommend sorting the BOM sheet by the product stock code in column A and the component stock code in column B in order to make it easier to find the duplicate entries. The what-if cost features have been added to the template to enable users to measure the effect that component price fluctuations have on the product costings of manufactured stock items. The component purchase prices that need to be analysed should be entered in column E on the StockCode sheet.
All other what-if cost calculations are updated automatically. Note: What-if costs should only be entered for bought-in stock items items that are purchased from suppliers.
If you enter a what-if cost for a manufactured stock item, the cost will have no effect on the template calculations. The what-if costs are calculated and included in the what-if costings based on the what-if purchase price that is specified in column E on the StockCode sheet and the component input quantities and yields that are specified on the BOM sheet the same input quantities and yields that are used in the product costings.
The what-if component costs are calculated in column T on the BOM sheet, included in column J on the Costing sheet and the total what-if cost of the manufactured product that is selected from the list box in cell A4 on the Costing sheet is calculated in cell J4.
The component what-if costs and the total what-if cost of the manufactured stock item are also compared to the appropriate product costs on the Costing sheet. As we mentioned before, the what-if cost features can be used to analyse the effect that component price fluctuations have on product costings. We recommend that you start this cost comparison exercise by copying the purchase prices of all bought-in stock items from column D on the StockCode sheet to column E on the StockCode sheet.
The prices in column E the what-if cost column can then be amended to the what-if purchase prices that you want to analyse. The same procedure should be followed regardless of whether you want to analyse the effect of a price fluctuation in a single stock component or all stock components. All the what-if cost calculations in the template are automatically updated and you can view a comparison of all manufactured stock items on the StockCode sheet or view a comparison between the what-if cost and the product cost of a single manufactured stock item by simply selecting the appropriate stock item from the list box in cell A4 on the Costing sheet.
Note: What-if costs have also been included in the margin analysis on the Margins sheet. Refer to the Margins section of these instructions for guidance on how the profit margins are calculated on this sheet. Note: If you want to analyse the effect that changes in component input quantities and yields have on the product costings, you will have to save this template under a different file name, edit the component input quantities and yields on the BOM sheet of the new workbook and then compare the product costs of the manufactured stock items on the StockCode sheets of both workbooks.
We also recommend adding a calculation on one of the StockCode sheets that looks up the values in the other workbook based on the stock codes in column A - this will enable you to compare the product costings in the two workbooks on the same sheet.
The Quantity Forecast features that have been added to the template enable users to enter forecast quantities for all the appropriate manufactured stock items on the Forecast sheet in order to calculate the stock component quantities that are required in order to produce the specified quantities of manufactured products.
These calculations are extremely useful for requirements planning or stock usage measurement purposes. Note: Requirements planning refers to the process of calculating the quantities of manufactured stock items that need to be produced usually based on sales forecasts and then calculating the component quantities that will be required in order to produce the manufactured products.
Orders are then placed with the component stock suppliers based on the quantity requirements that have been calculated. Note: Component stock usage can be measured in much the same way.
Instead of entering the quantities of manufactured stock items that need to be produced, users enter the quantities of manufactured stock items that have actually been produced during the period under review. The component quantities that should have been used in order to produce the specified manufactured stock item quantities are then automatically calculated based on the product costings and these quantities can then be compared to the actual component stock quantities that have been used in order to measure production efficiency and the accuracy of the input quantities and yields that have been included in the product costings.
Quantity forecasts can be compiled by simply specifying the stock codes of the appropriate manufactured stock items in column A on the Forecast sheet and entering the quantities of each manufactured stock item on which the forecast should be based in column E. Note: The contents of the Forecast sheet have been included in an Excel table.
The columns with light blue column headings columns B, C and D contain formulas that are automatically copied for all new stock codes that are added to the Excel table.
Note: We also recommend entering the forecast date in cell G2 before printing the sheet in order to keep a record of the manufactured product quantities that have been used in all quantity forecasts because once you replace the quantities on this sheet with new forecast quantities, there will be no record of the forecast quantities on which the previous forecast has been based.
Note: Before using the Forecast feature, you should ensure that all your product costings are accurate. If you base the forecast on inaccurate product costings it may result in the incorrect component quantities being ordered from suppliers or an inaccurate analysis of production inefficiencies. The quantity forecast is calculated by applying the finished goods stock item quantities that are specified on the Forecast sheet to the appropriate components that are entered on the BOM sheet for the particular manufactured stock items.
This calculation is based on the appropriate component input quantity, yield and unit of measure and is included in columns U to Z on the BOM sheet. The Level1 Forecast quantities are determined based on the components that are directly included in the finished goods bills of material. The Level2 Forecast quantities are based on the Level1 Forecast calculations, the Level3 Forecast quantities are based on the Level2 Forecast quantities and so forth.
Note: The Forecast calculations that have been included in this template therefore incorporate 7 levels of bills of material.
If you need to include more than 7 levels of bills of material, contact our Support function in order to request a customized version of this template and specify the number of levels that you need to include in your product costings. Note that the product costing calculations incorporate an unlimited number of bill of material levels - the limit of 7 levels only applies to the Forecast calculations. The forecast quantities that are calculated on the BOM sheet are not really that important only included on the BOM sheet for calculation purposes.
The quantities that are included in column J on the StockCode sheet are a lot more important because they represent the total component quantities that are required in order to produce the finished goods stock quantities that are entered on the Forecast sheet. Note: The forecast quantities on the Stock Code sheet include both the bought-in and intermediate quantity forecasts even though the intermediate products are not ordered from suppliers but manufactured in house.
We have included the quantities for both of these component types because it may be useful to be able to determine the quantities of intermediate components that need to be produced in order to manufacture the specified quantities of finished good products as per the Forecast sheet.
Note: We highly recommend using the Quantity Forecast features to measure actual stock component usage against the calculated component quantities because this process will highlight discrepancies between the component quantities that are included in product costings and the component quantities that are actually being used during the production of manufactured products.
Product costings should also be reviewed regularly based on the results of the usage measurement exercise. Remember that the Quantity Forecast calculations in this template can only be as accurate as the component input quantities and yields that are included in the product costings. The Margins sheet enables users to calculate the gross profit margins of all manufactured stock items based on the product costings and what-if costings.
The only user input that is required is selecting, entering or copying the appropriate stock code of the finished goods stock item into column A and entering the appropriate selling price in column E. Note: The contents of the Margins sheet have been included in an Excel table.
You can add a new stock code to the sheet by simply selecting the appropriate stock code from the list box in the first empty cell in column A - the table will be extended automatically to include the new stock code. Note: The selling prices that are entered in column E should be exclusive of sales tax if the business is registered for sales tax purposes. The product cost in column F and the what-if cost in column I are the same as the product cost and what-if cost for the particular manufactured stock item as calculated on the StockCode sheet.
The gross profit amounts in column G and J are calculated by deducting the product cost or what-if cost from the appropriate selling price in column E. The gross profit percentages in columns H and K are calculated by dividing the gross profit amounts in column G and J by the appropriate selling price in column E.
The what-if selling prices in column L are calculated by applying the gross profit percentages in column H to the what-if costs in column I and therefore calculate what the selling price should be in order to sustain the same level of profitability if the price fluctuations that are included in the what-if costs come into effect.
The selling price increases in column M indicate the percentage variance between the what-if selling prices in column L and the selling prices that are entered in column E. The heading of the affected input column will also be highlighted in orange:. Note: Input errors may result in inaccurate template calculations and it is therefore imperative that all errors are resolved before reviewing the product costings, quantity forecasts or profit margins.
How to use the Product Costing template Download the sample or trial version when reviewing these instructions. Stock Codes The first step in customizing the template for your business is to create a unique stock code for each stock component and finished manufactured product on the StockCode sheet.
Bills of Material The purpose of the BOM sheet is to create a link between stock components and manufactured products. The following user input is required in the columns with yellow column headings: Product Stock Code - the stock code of the manufactured product to which the stock component should be added needs to be selected from the list box in this column.
The purpose of each of these columns is as follows: Error Code - the formulas in this column display an error code if there is a problem with the data that has been entered in any of the user input columns.
Cost Review The Costing sheet can be used to review individual product costings. What-If Costs The what-if cost features have been added to the template to enable users to measure the effect that component price fluctuations have on the product costings of manufactured stock items. Quantity Forecast The Quantity Forecast features that have been added to the template enable users to enter forecast quantities for all the appropriate manufactured stock items on the Forecast sheet in order to calculate the stock component quantities that are required in order to produce the specified quantities of manufactured products.
Margins The Margins sheet enables users to calculate the gross profit margins of all manufactured stock items based on the product costings and what-if costings. The heading of the affected input column will also be highlighted in orange: E1 - this error code means that a duplicated stock code has been entered in the appropriate row.
The error can be corrected by simply deleting one of the duplicated entries. E2 - this error code means that the purchase price input in column D on the Stock Code sheet is incorrect. A purchase price should be entered for all bought-in stock items but is not required for manufactured products. When adding new manufactured stock items to the StockCode sheet, this error code will be displayed until the appropriate components have been added to the BOM sheet.
The error can be therefore be corrected by adding a purchase price for a bought-in stock item, adding components to a manufactured stock item or deleting a purchase price that has been specified for a manufactured product.
E3 - this error code means that the what-if price input in column E on the Stock Code sheet is incorrect. A what-if price should be entered for all bought-in stock items but is not required for manufactured products. The error can be therefore be corrected by adding a what-if price for a bought-in stock item, adding components to a manufactured stock item or deleting a what-if price that has been specified for a manufactured product.
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