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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Project burn rate monitoring requires current budget, time, and expense data to identify budget overruns before they happen. Manual burn rate calculations using outdated data miss critical warning signs.
Here’s how to set up real-time NetSuite project burn rate monitoring that updates automatically as your projects progress.
Build real-time burn rate dashboards using Coefficient
Coefficient provides sophisticated real-time NetSuite project burn rate monitoring by integrating project budget, time tracking, and expense data in automated spreadsheet dashboards. Your burn rate metrics update as new costs are recorded in NetSuite .
How to make it work
Step 1. Import comprehensive project data.
Pull in Project Budget records for baseline calculations, Time Tracking records for labor cost consumption, Expense Reports for non-labor spending, and Project Timeline data for burn rate projections.
Step 2. Create burn rate calculations.
Use SuiteQL queries to calculate daily, weekly, and monthly burn rates with complex joins across NetSuite financial records. Build spreadsheet formulas that automatically determine remaining project runway at current spending levels.
Step 3. Set up automated monitoring.
Configure daily updates to maintain current burn rate metrics for proactive project management. Track multi-dimensional burn rates by project phase, resource type, and cost category.
Step 4. Build predictive analytics.
Calculate projected completion dates based on current burn rate trends and compare actual burn rates against planned consumption schedules. Create visual burn rate charts and set up alerts for projects exceeding target rates.
Catch budget overruns before they happen
Real-time NetSuite project burn rate monitoring enables proactive budget management and resource optimization. Start monitoring your project burn rates today.
