What is parent bucket in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: parent bucket

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: A bucket that takes hierarchical precedence over the simple bucket.

Smart SAP Assistant

• Key Concepts: 
  A parent bucket is a type of cost element in SAP xCQM. It is used to group together related cost elements and provide a single point of reference for the total cost of the group. The parent bucket can be used to track the total cost of a project, or to compare the costs of different projects. 
  
  How to use it: 
  To create a parent bucket, go to the Cost Elements tab in SAP xCQM. Select the “Create Parent Bucket” option and enter the name and description of the parent bucket. Then, select the cost elements that should be included in the parent bucket. Once all of the cost elements have been added, click “Save” to create the parent bucket. 
  
  Tips & Tricks: 
  When creating a parent bucket, it is important to make sure that all of the cost elements included in the parent bucket are related to each other. This will ensure that the total cost of the parent bucket accurately reflects the total cost of all of its components. 
  
  Related Information: 
  For more information on using parent buckets in SAP xCQM, please refer to SAP’s official documentation on Cost and Quotation Management (SAP xCQM).