Key Insights: Project Spend Analysis & Recommendations
Analyzing a significant increase in project spend in October 2022, with a focus on major spend contributors, project comparisons, product description analysis, and correlation between contract ID count and spend. Recommendations include reviewing spend practices and procurement processes for potential cost-saving opportunities. Presented with visual insights for actionable strategies.
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Presentation Transcript
Your logo here Increase in Project Spend Presented by Matteo Pallot 1
Analyzing the Significant Increase in Project Spend Spend increased by $263,929 (3.31%) in October 2022 Major spend contributors: Concrete products, Cleveland Site, Boral - Construction Materials Significant increases in spend by Andrea Forth and Kimberly Stevens Recommendation: Review and analyze the spend practices of major contributors Source: Alteryx Auto Insights 2
Comparing Project Name in the Context of Increased Spend Project Greenwood saw the largest increase in spend Project Jolimont reported a substantial decrease in spend Several projects reported an increase, with a few exceptions Recommendation: Investigate the cause of the significant spend increase in Project Greenwood Source: Alteryx Auto Insights 3
Product Description Comparison in October's Spend Construction Materials reported 6.4 times higher spend than the average product Nearly 64% of spend is from the top 10% of product descriptions Construction Materials and Construction Support Materials are above the average spend Recommendation: Assess the procurement process of high-spend products for potential cost-saving opportunities Source: Alteryx Auto Insights 4
Correlation Between Contract Id Count and Spend The number of Contract Id decreased by 11 in October Spend increased by $263,929 Kimberly Stevens contributed most to the overall decline in Contract Id and rise in spend Recommendation: Review Kimberly Stevens's contracts for potential inefficiencies Source: Alteryx Auto Insights 5
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