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Daily Dynamic Target Calculation

Posted on 2014-03-02
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Last Modified: 2014-03-03
Hi ,

I have a Service Level Target for one of my team,. It has a monthly Target.

But I want to calculate the target dynamically based on the past performance.
For an example for the first 5 Days of operation if the team achieved less than the target, then we optimize the daily target in order to catch p the monthly target achievement.

I have attached the sample file, but the target is actually the monthly figure, I am looking forward to get a formula to calculate the dynamic daily targets.
Target-For.xlsx
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Question by:sunil1982
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LVL 81

Expert Comment

by:byundt
ID: 39898783
The following formula will calculate your dynamic daily target based on past data:
=(DAY(EOMONTH(B1,0))*B3-SUM($A2:A2))/(DAY(EOMONTH(B1,0))-DAY(B1)+1)

You may copy this formula across.

Note that the formula will predict values greater than 100% when it becomes impossible make your monthly target achievement. If you don't want to display values greater than 100%, then use:
=MIN(100,(DAY(EOMONTH(B1,0))*B3-SUM($A2:A2))/(DAY(EOMONTH(B1,0))-DAY(B1)+1))
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LVL 81

Accepted Solution

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byundt earned 500 total points
ID: 39899545
Sample file using the suggested formula
Target-ForQ28378206.xlsx
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Author Closing Comment

by:sunil1982
ID: 39901560
It is a great solution, Thank you.
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