What is cost estimate type in SAP SRD-PRO-PMN - PRO-Project Management?

SAP Term: cost estimate type

• Component: SRD-PRO-PMN

• Component Name: PRO-Project Management

• Description: The grouping of estimates according to common characteristics such as goal and method. Examples of estimate types are material cost estimate and project cost estimate.

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• Key Concepts: 
  Cost estimate type is a feature of SAP SRD-PRO-PMN PRO-Project Management that allows users to create cost estimates for projects. It enables users to define the cost elements and their associated costs, as well as the cost structure of the project. The cost estimate type also allows users to assign a cost estimate to a project and track the costs associated with it. 
  
  How to use it: 
  To use the cost estimate type feature, users must first create a cost estimate in the system. This can be done by selecting the “Create Cost Estimate” option from the menu. Once the cost estimate is created, users can then assign it to a project by selecting the “Assign Cost Estimate” option from the menu. After assigning the cost estimate to a project, users can then track the costs associated with it by selecting the “Track Costs” option from the menu. 
  
  Tips & Tricks: 
  When creating a cost estimate, it is important to ensure that all of the necessary information is included in order for it to be accurate. This includes defining all of the cost elements and their associated costs, as well as specifying the cost structure of the project. Additionally, it is important to ensure that all of the costs are tracked accurately in order for them to be properly accounted for. 
  
  Related Information: 
  For more information on how to use SAP SRD-PRO-PMN PRO-Project Management’s cost estimate type feature, please refer to SAP’s official documentation on this topic. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.