The Vico Office Cost Explorer tree structure view clearly visualizes the cost breakdown of a project budget by presenting cost categories as nodes in a tree. These nodes are color-coded based on their status compared to set targets. The cost breakdown scheme can be based on an industry standard classification structure, on Locations, or any other custom breakdown structure defined by the user.
The graphic presentation of cost is a powerful control tool. The color-coded system indicates to and alerts project team members and stakeholders when a cost component is over budget (red), within range (yellow), on budget (green), and suspiciously low (blue).
This effective communication system enables the users to quickly identify where in the project cost variances and over-budget situations exist, and makes it easier to understand at which point in the decision making process an overrun situation originated.