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.

Scorecards

Scenarios

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

Dashboard view

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!

Charts

Worksheet view

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.

Worksheet view

Still, having trouble navigating and installing Mining Model in Concerto Marketplace? Get in touch with our support experts– we're happy to help.