Data may be reported in monthly time granularity and higher

Description

Time granularity in Corporate Performance Management (CPM) software refers to the level of detail at which data is reported over time. The granularity could be hourly, daily, weekly, monthly, quarterly, or yearly. For this requirement, the data should be capable of being reported in monthly time increments or larger, such as quarterly or annually.

Example Use Case

Scenario: An international manufacturing company uses CPM software to monitor their production performance. The team wants to analyze their production data to understand trends and make future predictions.

Solution: The firm uses the time granularity feature in their CPM software to view their data condensed into monthly, quarterly, and annual reports. This helps them to understand long-term trends, seasonality factors, and supports strategic planning.

Considerations

Monthly is the default time granularity in just about every planning system on the market. This is because it has the widest appeal, as weekly and daily planning are only used by a handful of industries. It is also the easy to scale, as there are only 12 months in a year vs ~52 weeks.

Manufacturing, retail, hospitality, food service, hospitals, and sometimes professional services require deeper time granularity than monthly. If you fall into that category, look into the other requirements we have listed for weekly and daily.

Questions to Ask a Vendor

• Time Granularity Roll-Up: Can we roll up months to quarters and years easily?
• Differences in Plans: Can we have one time granularity in our working version, but a different, say quarterly, in another?