What is 'cost estimate' in SAP CO - Controlling?

cost estimate - Overview

• Component: CO

• Component Name: Controlling

• Description: A document showing the costs calculated for a costing object.

cost estimate - Details

• 
  Key Concepts: 
  Cost estimate in SAP CO Controlling is a tool used to calculate the expected costs of a project or activity. It is based on the estimated costs of the resources needed to complete the project or activity. The cost estimate can be used to compare the expected costs with actual costs and to make decisions about how to manage the project or activity. 
  
  How to use it: 
  In SAP CO Controlling, cost estimates are created using the Cost Estimate (KP26) transaction. This transaction allows users to enter the estimated costs for each resource needed for the project or activity. The cost estimate can then be used to compare the expected costs with actual costs and to make decisions about how to manage the project or activity. 
  
  Tips & Tricks: 
  When creating a cost estimate in SAP CO Controlling, it is important to ensure that all of the resources needed for the project or activity are included in the estimate. This will help ensure that the cost estimate is accurate and that any changes in resource requirements can be accounted for. 
  
  Related Information: 
  For more information on cost estimates in SAP CO Controlling, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_CO/7.5/en-US.