The creation of an effect line corresponds to a new row in your effects table. Below we show you how this works and what you need to pay attention to.
Note: A new effect must be created in the budgeting section of the administration as an effect line, but can only be edited at measure level!
The procedure is very simple. Follow the steps below.
Click the budgeting tab in the administration center and select the desired budgeting via the pencil icon on the right.
Click on the plus symbol to create a new effect line.
In the effect line you have to name the effect and assign it to a category (e.g. P&L, Balance Sheet/Cash, KPI or a specially created one) before you can save it.
In the next step, you can enter more information about the calculation unit, calculation methods over time (horizontal), the project tree (vertical) and the target trend of the effect. Falcon takes over the entire calculation logic for you.
You can adjust the following for individual effects at project level in the effects grid:
Category: P&L, Cash/Balance Sheet, KPI or a specially created category
Name: Name of the new effect line
#: Line number
Calculation: +, -, *, /
Unit: Euro (€) or quantity
Factor: Single (-), thousand (k) or million (M)
Suffix: Freely selectable
Period: Determines the period of time used for the traffic light calculation (total, current year, start of year to today, today to end of year, project start to today, today to end of project, current period, previous period).
Horizontal Calculation: Total, Average, Last Period, Individual Calculation
Vertical calculation: sum, average, Individual Calculation
Goal: "more is better," "less is better," "precision landing."
Red traffic light limit (%)
Yellow traffic light limit (%)
An example: In Falcon, you can define the target direction and the aggregation logic both over time (horizontal) and from measures to measure packages (vertical) and to the overall project. This usually applies to sales, for example: The more the better (target column). Over time (horizontally), you probably want to know the sum of the achieved sales. Over several measures of the tree, from which turnovers result (vertical column), you are also interested in the sum. See also the graph above for this. Assuming that you also have a lead time, the less applies the better (target column). You may be interested in the last filled period over time (horizontal column) and the average over the measures (vertical column). You can also use the "Period" column to determine the period over which the traffic light evaluation is to be carried out. For example, select "Total" to include all available values (past, present and future). For example, select "Project start to today" to include all values that are available up to the present.