Book Image

DAX Cookbook

By : Greg Deckler
Book Image

DAX Cookbook

By: Greg Deckler

Overview of this book

DAX provides an extra edge by extracting key information from the data that is already present in your model. Filled with examples of practical, real-world calculations geared toward business metrics and key performance indicators, this cookbook features solutions that you can apply for your own business analysis needs. You'll learn to write various DAX expressions and functions to understand how DAX queries work. The book also covers sections on dates, time, and duration to help you deal with working days, time zones, and shifts. You'll then discover how to manipulate text and numbers to create dynamic titles and ranks, and deal with measure totals. Later, you'll explore common business metrics for finance, customers, employees, and projects. The book will also show you how to implement common industry metrics such as days of supply, mean time between failure, order cycle time and overall equipment effectiveness. In the concluding chapters, you'll learn to apply statistical formulas for covariance, kurtosis, and skewness. Finally, you'll explore advanced DAX patterns for interpolation, inverse aggregators, inverse slicers, and even forecasting with a deseasonalized correlation coefficient. By the end of this book, you'll have the skills you need to use DAX's functionality and flexibility in business intelligence and data analytics.
Table of Contents (15 chapters)

Projecting planned value

Within project management circles, planned value is a crucial metric that's required to calculate numerous project-related key performance indicators, or KPIs. Simply stated, planned value, or PV, is the expected baseline cost of a project. In practical terms, this then becomes the budget for the project. Thus, planned value plays a key role in determining whether a project was completed under budget or over budget. Tracking actual costs against a planned value can help project managers identify projects that are at risk of going over budget. Planned value is also known as the Budgeted Cost of Work Scheduled, or BCWS.

While project costs can consist of both the cost for people performing the project work (salaries or hourly costs for consultants) and the costs of materials or physical assets, this recipe provides a calculation for the planned value...