COST VERSUS TIME REPORT title: cost versus time report (XAP-IEP) (SAP Library - Glossary)
COST VERSUS TIME REPORT category: Integrated Exploration and Production (SAP xIEP) (XAP-IEP)
COST VERSUS TIME REPORT explained:
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 wells. The reports in this group are: cost/feet versus feet drilled and depth versus time report. The depth versus time report is a line graph of the actual, TL, BCWT, plan, and offset well valuesMore terms such as cost versus time report in Dictionary C.
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