What is planned price iteration in SAP CO - Controlling?

SAP Term: planned price iteration

• Component: CO

• Component Name: Controlling

• Description: A method of computing the internal fixed and variable prices for activities on cost centers. This process takes the internal exchange of activities into account.

Smart SAP Assistant

• Key Concepts: 
  Planned price iteration is a feature of SAP Controlling (CO) that allows users to calculate the cost of a product or service based on the planned price of the components used in its production. This feature allows users to quickly and accurately determine the cost of a product or service, which can be used for budgeting and forecasting purposes. 
  
  How to use it: 
  To use planned price iteration, users must first enter the planned prices for each component used in the production of a product or service. Once these prices are entered, the system will automatically calculate the total cost of the product or service based on these prices. This cost can then be used for budgeting and forecasting purposes. 
  
  Tips & Tricks: 
  When entering planned prices for components, it is important to ensure that they are accurate and up-to-date. This will ensure that the cost calculation is accurate and reliable. Additionally, it is important to regularly review and update planned prices as needed to ensure that they remain accurate. 
  
  Related Information: 
  For more information on planned price iteration, please refer to SAP's official documentation on Controlling (CO). Additionally, there are many online resources available that provide detailed tutorials and guides on how to use this feature.