What is allocation value in SAP EPM-APP-ALLO - SAP Performance Management, Cost Allocation?

SAP Term: allocation value

• Component: EPM-APP-ALLO

• Component Name: SAP Performance Management, Cost Allocation

• Description: The numeric value or the table column where it is stored to be allocated.

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• Key Concepts: 
  Allocation value is a term used in SAP Performance Management, Cost Allocation. It is a numerical value that is used to allocate costs from one cost object to another. This value can be based on a variety of factors, such as the number of employees, the amount of time spent on a project, or the amount of resources used. 
  
  How to use it: 
  The allocation value is used to determine how much of a cost should be allocated to each cost object. For example, if a company has two departments and wants to allocate the cost of a project between them, they would use the allocation value to determine how much of the cost should be allocated to each department. 
  
  Tips & Tricks: 
  When setting up an allocation value, it is important to consider all relevant factors that could affect the cost allocation. This includes the number of employees in each department, the amount of time spent on the project, and any other resources that may be needed. Additionally, it is important to ensure that the allocation value is accurate and up-to-date so that costs are allocated correctly. 
  
  Related Information: 
  For more information about SAP Performance Management, Cost Allocation and how to set up an allocation value, please refer to SAP's official documentation. Additionally, there are many online resources available that provide helpful tips and tricks for setting up an allocation value.