What is value point in SAP SV-SMG-OST - Tool Set for One Service?

SAP Term: value point

• Component: SV-SMG-OST

• Component Name: Tool Set for One Service

• Description: A unit of measure for estimating the value that a work item task, work package, or requirement has for a project.

Smart SAP Assistant

• Key Concepts: 
  Value point is a term used in the SAP SV-SMG-OST Tool Set for One Service. It is a measure of the value of a service or product, and is used to determine the cost of the service or product. It is based on the cost of the resources used to create the service or product, as well as the time it takes to create it. 
  
  How to use it: 
  The value point system is used to calculate the cost of a service or product. It takes into account the cost of resources used to create the service or product, as well as the time it takes to create it. The value point system can be used to compare different services or products and determine which one is more cost-effective. 
  
  Tips & Tricks: 
  When using the value point system, it is important to consider all factors that could affect the cost of a service or product. This includes not only the cost of resources used to create it, but also any additional costs associated with creating it, such as taxes or shipping fees. Additionally, it is important to consider how long it will take to create the service or product, as this can have an impact on its overall cost. 
  
  Related Information: 
  The value point system is similar to other pricing models, such as cost-plus pricing and market-based pricing. Additionally, it can be used in conjunction with other pricing models in order to determine an optimal price for a service or product.