Tutorials : Analyzing investment using Focal Point : Module 2: Build a financial model : Lesson 3: Create a calculator tape to calculate the development cost
  
Lesson 3: Create a calculator tape to calculate the development cost
In this lesson, you create a calculator tape to calculate the total cost to be invested on the development effort.
1 Click the dropdown list below the graphical grid area, and then select the Engineering stream.
2 Click the Calculator tab.
3 Click Tapes > New Tape.
4 Enter the name of the tape as Development cost.
5 Click Add Variable.
6 Specify the details for the new variable:
▪ In the Name field, enter DevelopmentCost.
▪ In the Description field, enter Total development cost for the project.
▪ In the Type field, select Formula.
▪ Enter the formula as BurdenedLabor*'Engineers'[PERIOD].
Calculator tape for development cost
7 Click Tapes > Save Tape.
8 Click Save.
Lesson checkpoint
In this lesson, you learned to create a calculator tape to calculate the total development cost of the project.
For more information, see Entering data estimates from the calculator tape and Creating and loading the calculator tapes.
Next
Lesson 4: Run the simulation
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Module 2: Build a financial model