How is benefit calculated using advanced measures?

If you think multiple factors will contribute to your benefit, and you need to track and measure all of them, you can configure the benefit to use advanced measures. You as an administrator or the users can then create measures under the benefit and define a formula that uses all measures to arrive at the benefit value. Once advanced measures are created, their impact on the Benefit will be calculated using the formula you specify. The default formula calculates the multiplication of all the advanced measures.

When selecting the Plan tab on the Benefit dashboard secondary menu, you are directed to the Plan dashboard and presented with the graphed benefit metrics including the benefit Plan, Actual, and Forecast data. Below this data, exists the Measures for the Benefit.

 The measures all have an M-number. Enter search criteria below the Existing Measures button or sort on Name or Reference to find a specific measure in the list. Use the M-number in the formula as per the example above. You do not have to use all the measures on the list. You can use +,-,* and / in the formula.
Click on the Save & Calculate button when you have finished entering the formula.

When the formula is applied, the dashboard at the top reflects the actual benefit progression. If you want to review individual measure progression, scroll down and click on the relevant measure.

The unit of the benefit is shown below the graph on the calculation page. The unit can be modified here. The changes will be saved by clicking on Save & Calculate. Next to the unit, there is This Benefit is a cumulative checkbox, tick this option when the benefit of every year should be accumulated. For example, if you have earned 20000 dollars in the first year, the 20000 dollars will be added to the profit you make in the next year as well and so on.

When you want to create more measures, you can click on the New Measure button.

If you click on the Shared Measures button, you can also add a globally available (shared) measure to the list of measures. 

Click on the Add Measure to Benefit button below the shared measure you would like to add to the benefit. This button will not be not available if the measure does not have an FMO or CMO or doesn't span the benefit duration. If you add the shared measure it will also get an M-number. You can remove a shared measure that is not used in the formula by clicking on the Remove button. The measures will then be removed from the Benefit and can be added again. When a local measure is not used in the formula, you can click on the Archive button. If you click on this button the measure will be archived. 

There are a couple of advanced functions available for use in the formula. They can be selected by clicking on the drop-down next to the M-number in the formula. You can choose between Value, Delta, Initial, Target, Previous and Next. More information on the meaning of the functions can be found if you click on the Formula syntax and functions help button.

Note: Amplify can simplify the way Benefits are created using a preset Benefit creation template. The Benefit template can be set to include any attributes automatically when a user is creating a Benefit. More information on Benefit templates can be found in the Administrator Settings- Benefit Classification.