Essential Concepts

To use Oracle Hyperion Profitability and Cost Management, you must understand several essential concepts.

• Dimensions—Data categories used to organize data for retrieval and preservation of values. Dimensions usually contain hierarchies of related members grouped within them. For example, a Year dimension often includes members for each time period, such as quarters and months.

• Applications—Related sets of dimensions and dimension members that are used to meet a specific set of analytical or reporting requirements.

• Models—Applications with analytical structures created in Profitability and Cost Management that apply allocation logic to dimensions and members. They include cost allocation stages and drivers to reflect existing or proposed business cases.

Modeling Process describes the relationships among these components.