Cost analysis is a specialized module. If the cost structure is defined, it has multiple implications throughout the application, not just on one panel. Simply put, the cost analysis allows users to associate a unique monetary value to each event. This can be a fixed or variable cost
To use this tool, select the Tool > Cost configuration menu.
The Costs, average and total, therefore becomes two new metrics, like Duration or Event Count. As a result, Cost metrics are displayed in the metric boxes and can be built into dashboards. Costs will also be displayed to the user as one of the selected metrics on top of the columns in Path Analysis.
Note: The metric Total Costs doesn’t have the histogram and could not be used as a filter. It could still be displayed in the metric box or dashboard.
As a result, unlike other "analysis", the Cost Analysis is basically a configuration. Once the costs metric is defined, it’s used in other analysis tools on the platform.
Once the costs are defined (it means it has either fixed or time costs or both), the costs metrics, Total and Average Costs, appear everywhere – where there are metrics.
Definition of costs
Costs are defined by the event. In the most general term, the costs include:
- The fixed costs per event which could depends on the attributes values. The costs amount comes from:
- The amount entered by the user into a field (for example – $10 for Patient Arrived event), and
- The amount comes from an attribute of the event (for example – attribute Surgery Price from Surgery event), and
- The amount comes from the lookup table based on the values of specified attributes of the event. The table could be:
- Populated by user on screen, or
- Loaded from the file.
- The time based costs defined by interval and rate.
- The interval could be defined by one of the following options:
- Second timestamp attribute in the event
- Any subsequent event
Specific events could be any subsequent event.
- Specific subsequent event
In this cases, you could specify the matching attribute.
- The rate comes from one of the following options:
- The amount entered by the user into a field, or
- The amount comes from an attribute of the event, or
- The amount comes from the lookup table based on the values of specified attributes of the event.