What is cost estimation alternative in SAP CA-CPD - Commercial Project Management?

SAP Term: cost estimation alternative

• Component: CA-CPD

• Component Name: Commercial Project Management

• Description: A characteristic that allows you to plan changes in financial plans once a project is in execution. A cost estimation alternative links a change request to the financial plan. It contains information about the KPIs of overall costs, overall revenues, and margins.

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• Key Concepts: 
  Cost estimation alternative is a feature of the Commercial Project Management (CA-CPD) component of SAP. It allows users to create and manage cost estimates for projects, and to compare different cost estimates to determine the most cost-effective option. The cost estimation alternative also provides users with the ability to track and monitor project costs over time. 
  
  How to use it: 
  To use the cost estimation alternative, users must first create a project in the CA-CPD component. Once the project is created, users can then enter the estimated costs for each activity associated with the project. The cost estimation alternative will then generate a comparison of the different cost estimates, allowing users to select the most cost-effective option. 
  
  Tips & Tricks: 
  When creating a project in CA-CPD, it is important to ensure that all activities associated with the project are accurately entered into the system. This will ensure that the cost estimation alternative can generate an accurate comparison of different cost estimates. Additionally, it is important to regularly monitor and update project costs as they change over time. 
  
  Related Information: 
  For more information on using the cost estimation alternative in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SAP.