What is operation-level costing in SAP PM - Plant Maintenance?

SAP Term: operation-level costing

• Component: PM

• Component Name: Plant Maintenance

• Description: A method of costing enabling the tracking of costs incurred for a work order at operational job step level.

Smart SAP Assistant

• Key Concepts: 
  Operation-level costing is a feature of SAP Plant Maintenance (PM) that allows users to assign costs to individual operations within a maintenance order. This allows for more accurate cost tracking and analysis of maintenance activities. It also enables users to better plan and budget for future maintenance activities. 
  
  How to use it: 
  To use operation-level costing, users must first create a cost estimate for the maintenance order. This cost estimate should include the estimated costs for each operation within the order. Once the cost estimate is created, users can assign the costs to each operation in the order. This can be done manually or automatically using the PM system. 
  
  Tips & Tricks: 
  When creating a cost estimate, it is important to include all relevant costs such as labor, materials, and overhead. This will ensure that all costs are accurately tracked and accounted for. Additionally, it is important to regularly review and update cost estimates as needed to ensure accuracy. 
  
  Related Information: 
  For more information on operation-level costing in SAP Plant Maintenance, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PLANT_MAINTENANCE/7.5/en-US