What is valuation in SAP PM-WCM - Work Clearance Management?

SAP Term: valuation

• Component: PM-WCM

• Component Name: Work Clearance Management

• Description: Determination of whether applications are required for a WCM-relevant maintenance or service order. An explicit "Yes" or "No" must be given at the valuation for each application.

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• Key Concepts: 
  Valuation in PM-WCM Work Clearance Management is the process of determining the value of a work item. This value is used to determine the cost of the work item and to calculate the total cost of the project. The valuation process takes into account factors such as labor, materials, overhead, and other costs associated with the work item. 
  
  How to use it: 
  Valuation in PM-WCM Work Clearance Management is used to determine the cost of a work item. This cost is then used to calculate the total cost of the project. The valuation process takes into account factors such as labor, materials, overhead, and other costs associated with the work item. The valuation process can be done manually or automatically using a software program. 
  
  Tips & Tricks: 
  When performing a valuation in PM-WCM Work Clearance Management, it is important to consider all factors that may affect the cost of the work item. This includes labor, materials, overhead, and other costs associated with the work item. It is also important to consider any potential risks associated with the work item before determining its value. 
  
  Related Information: 
  For more information on valuation in PM-WCM Work Clearance Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed information on how to perform a valuation in PM-WCM Work Clearance Management.