Unit Used as Element of Cost

Use Unit Used as Element of Cost to identify units that wInsight Analytics should consider elements of cost and define the corresponding unit of measure (Dollars, Hours, or EQP) for each EOC entry.

Purpose

In wInsight Analytics, both true units (Dollars, Hours, EQPs, and so on) and Elements of Cost (EOCs) are stored as "units." The wInsight Analytics module, however, needs to be able to distinguish between units and elements of cost so that EOCs are not included in the EOC Units selection lists, and units are not included in charts and tables that display EOC data.

The EOC chart on the Detail Analysis tab supports a maximum of 14 EOCs. The charts on the Element of Cost tab support an unlimited number of EOCs.

Initial Configuration

When you configure the wInsight Analytics module initially, wInsight Analytics Configuration displays default values for each of the types of units: Y (yes) for those units it assumes are elements of cost and N (no) for those it assumes are not EOCs. If those defaults are correct, you do not need to make any entries in this table.

When you first run wInsight Analytics Configuration, the EOC Unit column is empty by default. You need to specify the appropriate EOC unit for each unit identified as an EOC. You can only enter EOC units that match the standard units, which display in the Name column (Dollars, Hours, and EQP) on lines flagged as units. For example, if the EOC unit of LABOR is in dollars, you need to enter Dollars, not Dollar. The wInsight Analytics Configuration utility does not allow you to save a wrong EOC unit. The application then remembers any saved settings the next time you run it.

If one or more of the defaults are incorrect, complete the following step:

1. Hover over the first EOC cell in the Unit Used as Element of Cost table that contains an incorrect value, and click the button displayed at the right end of the cell:

   

   Note: If you accidentally click in the cell rather than on the button, that action selects that row of the table and the other rows no longer display. If that happens, click Clear on the toolbar to display all rows again.

2. Enter Y if that wInsight unit is actually an EOC. Enter N if it is not an EOC.
3. Use the TAB key to move to the next incorrect EOC cell, or hover and click the button in that cell.
4. Repeat steps 2 - 3 for each wInsight unit for which the default value in EOC is incorrect.
5. In the EOC Unit column of an EOC row, hover, click the button, and enter the appropriate unit. Only the EOC units that you define in this table display on the EOC Unit table on the Element of Cost tab in wInsight Analytics.

Ongoing Administration

Normally, you do not change these settings after the initial configuration. However, you can change them at any time (for example, if you add a new type of unit in wInsight).