What is cost versus time report in SAP XAP-IEP - Integrated Exploration and Production (SAP xIEP)?

SAP Term: cost versus time report

• Component: XAP-IEP

• Component Name: Integrated Exploration and Production (SAP xIEP)

• Description: Report provided within the wells portal that uses data from SAP and EDM to display a more comprehensive view of a well's progress or status. As examples, there are: Wells progress report - displays actual and planned 'depth vs. time' and 'cost vs. time' line graphs for a single well. Current actual and planned values will also be displayed for cost, depth, days, and cost/ feet. Well event report - Displays the actual and planned cost and time for a single well and phase in bar graph format. Each graph displays subphase totals and the phase total. Completed well report - Displays the actual and planned costs for a single well's individual phase values. Several calculations are carried out in this report, including: Actual/AFE cost ratio, actual versus planned day's variances, and cost opportunity for BCWT, TL, and NPT. This report is displayed in tabular format. Asset summary reports - These are scatter graphs that display actual results for a group of

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• Key Concepts: 
  A cost versus time report is a report generated by SAP xIEP that provides a comparison of the cost of a project versus the amount of time it took to complete. It is used to analyze the efficiency of a project and identify areas where costs can be reduced or time can be saved. 
  
  How to use it: 
  To generate a cost versus time report in SAP xIEP, first select the project you want to analyze. Then, select the “Cost vs Time” option from the Reports menu. This will generate a report that displays the cost of the project over time, as well as any associated costs such as labor and materials. 
  
  Tips & Tricks: 
  When analyzing a cost versus time report, look for areas where costs are higher than expected or where there are delays in completing tasks. This can help you identify areas where improvements can be made to reduce costs and increase efficiency. 
  
  Related Information: 
  For more information on using SAP xIEP, visit the SAP website at https://www.sap.com/products/xiep.html.