Budgeting Cost Models
A Replacement Cost Model assigns an average replacement cost to each Asset Class — build as many as you like.
Budgeting Cost Models
A Replacement Cost Model is a list of average replacement costs, one per Asset Class. You can build as many Cost Models as you like, which lets you experiment with different Budget Scenarios under different assumptions.
How It Works
Suppose you have a set of Asset Classes with service durations defined. For a Cost Model, you assign an expected replacement cost to each class — for example a price for laptops, another for desktops, another for Chromebooks. The values are entirely up to you, and you can maintain multiple models with different price assumptions.
A Cost Model becomes one of the inputs to a Budget Scenario (the other being your Asset Class service durations).
Common Questions
What is a Cost Model?
A list of average replacement costs, one per Asset Class.
Can I have more than one?
Yes — build several to compare different pricing assumptions in your scenarios.
How is a Cost Model used?
It’s an input to a Budget Scenario, alongside your Asset Class service durations.