Course
Introduction to the Model Module (0240)
B1) Cost Model Apprenticeship
/
03) Cost Model
Introduction to the Model Module (0240)
(approx 45 minutes)


By the end of this course, you’ll understand what the Model Module is, why cost models matter, and how they support frameworks like TBM, Cigref, or customized taxonomies. You’ll also explore how cost models reveal the Total...

Key Concepts in a Cost Model (0242)
B1) Cost Model Apprenticeship
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03) Cost Model
Key Concepts in a Cost Model (0242)
(approx 45 minutes)

▪ Introduction to Key Concepts

▪ Financials

▪ Measured Objects & Dimensions

▪ Drivers & Driver Rules

▪ Inventories

▪ Integrating the Concepts

Model Design & Setup (Using Templates) (0243)
B1) Cost Model Apprenticeship
/
03) Cost Model
Model Design & Setup (Using Templates) (0243)

(Approx 30min)
You’ll learn how to design the structure of a cost model in MagicOrange using templates. Templates provide a ready-made framework that saves time, ensures consistency, and align your model with industry standards like ITFM, TBM or...

Understanding Sets (0256)
B1) Cost Model Apprenticeship
/
03) Cost Model
Understanding Sets (0256)
(approx. 30 minutes) ▪ What is a Set and Benefits of Using Sets? ▪ Where do you work with Sets? ▪ How Sets and Calculation Runs are Used ▪ Configuring Sets for a Calculation Run ▪ When are new Sets required? ▪ How to decide...
Understanding Hierarchies (0258)
B1) Cost Model Apprenticeship
/
03) Cost Model
Understanding Hierarchies (0258)
(approx 20 minutes) ▪ What are hierarchies? ▪ Updating hierarchies ▪ How to link unlinked items into the hierarchy ▪ What is the impact on processed runs? ▪ Best Practice

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