Marketplace Mining Model for visualising site operational cost!
Watch the Mining demo video to get started!
Demo video covering a typical mining company, and the underlying operations of one of its open-pit mines. This demo uses multiple models and is a great introduction to how Concerto can effectively be used to bridge operational performance with organisational management in a Mining sector.
You can now easily install your industry-driven solutions from our Concerto Marketplace! If you are not already using Concerto then start your 21-day free trial today and explore Concerto for Mining!
What does the Model do and solve?
It displays the value chain for a mid-tier mining company that has a lot of smelters. It is designed to lay out the value chain for those operations. It enables the visual combination of the budget forecasting and the actual data for each of the operations and rolls the value up to the highest financial levels showing the drivers of the sub-levels.
You can now model a 360-degree view of your business in a matter of hours, not days or weeks. The intuitive value driver tree lets you perform the following:
- Simulate multiple value drivers on the fly and visualize the impact on outcomes
- Visualize how operational drivers (such as production downtime) can impact financial outcomes (such as net profit)
- Create numerous scenarios with ease & compare scenarios
- Perform in-depth variance & attribution analysis
- Comment and collaborate with other users, and more
- Integrated Financial and Physical Drivers
- Suitable for Business Analysts, Operational and Project Management Teams
- Takes Data from Anywhere and Everywhere
- Easy to “Get Started” building your mining value driver trees
- Safe and Secure
Use Cases for Mining Model
Concerto for mining can be useful for various solutions and for multiple roles in different industries.
Operational scenarios and Monitoring
- Operational Performance Modelling
- KPI Tracking and Dashboards
- Variance and Benchmarking Analysis
- Monitoring of Business Improvement Projects
Capital Project Management
- Major and Sustaining Capital Projects
- Monitoring Project KPIs
- Portfolio Project Management
- Linkage to Reports, Policies and Procedures
Budgeting and Forecasting
- Top-Down and Bottom-up
- Cashflow Modelling
- Zero Based Budgeting
- Headcount Planning
Contract bids and management
- Tender Preparation
- Sensitivity Modelling
- Performance Benchmarking
- Variance Analysis and Reporting
What are the benefits?
The system's benefits are that it provides transparency and stability of what drives values and enables you to run scenarios to look at how inputs might impact financial performance to determine the operation. It creates a single source of the truth about what adds values to the business as well and it enables senior managers and supervisors the work that they do adds value creation in the business.
Why should you install it on the system?
It's a good starting place to tailor that model according to your choice and your own operation. So, modify and use it with Concerto to use it for your business. Concerto for Mining can be used for various level in a Mining organisation such as the Office of CFO, General Manager, Superintendent and Aggregated Actuals. Creating an integrated view of the mining value chain is now easy!
- Top-Down Targets and Bottom-up planning
- Simplified Integrated Planning
- Rapid Simulation and Parallel Scenarios
- Risk-Adjusted and Constraint Modelling
- Data Integration
How to use it?
Scorecard model for Mining
Drill-Down to additional levels of Scorecard Model
For easy navigation and drill down, select Scorecard Model to view the scorecard layout. You can create your own Scorecard model and perform qualitative or subjective evaluation by adding attributes and metrics to a Model. If you are interested in abandoning the judgmental approach and opting for a more formal data-driven statistical approach, refer to the article Scorecard creation.
Using scenarios, companies can predict the possible future scenarios and help to mitigate the risk, so that managers can be more aware of the external environment and their company’s status and future directions, therefore, they can match internal resources to the external environment to allocate the resources more effectively and rationally.
Create dynamic scenarios
Value driver tree model
Extract insights from your data with features like Advanced Analytics, Complex Simulation and what-if Scenario building, to empower your capacity for informed decision making. Read how to link the Scorecard to the Value Model in detail in our article Scorecard Creation and Customization.
Value driver Tree Model
Value driver Tree
To get the Aggregated View, Time series view proceed to click on the Dashboard view in the Toolbar. It is Visual, Interactive and Intuitive. To get the Aggregated View or Time series view, proceed to click on the Dashboard view in the Toolbar. This tool is interactive and intuitive allowing you to visualise the metrics in the model view in the form of graphs and pie charts. By selecting the desired month, year, week, day, or quarter in the Time filters, you can perform a better analysis of the results. The dimension you select be it a calendar month or a quarterly view determines the data aggregation that will be displayed in the model view. You can select your favourite chart type to display the data. The chart changes as we change the values in the worksheet in real-time.
The dashboard view
Explore the powerful dashboard by selecting rich chart types according to your needs. You can now use the best chart type to display your data graphically in the dashboard using Concerto. A good set of colours will highlight the story you want the data to tell to create an effective message!
Worksheet allows users to view and interact with Models from different perspectives. The Worksheet view is like the spreadsheet view where you can cut, copy and paste just like the excel sheet which is a downloadable input template to download data. Similarly, you can easily import or export data in the worksheet just as in the spreadsheet that we generally use. The datasets in the worksheet are similar to the spreadsheet. The Concerto modeller makes it easy to pull and push data to create faster presentations as compared to doing it in the spreadsheet in a globally accepted standard.
Still, having trouble navigating and installing Mining Model in Concerto Marketplace? Get in touch with our support experts– we're happy to help.