A record used to capture cost-related information such as an estimate, target, or actual value. Its meaning depends on the cost details entered for the record.
When to use it
Use it when a cost needs a separate identifiable record.
Key information
- Estimated cost provides a planning value; distinguish it from a target or actual cost.
- Target cost records the intended cost level for comparison.
- Actual cost records the cost value entered for completed or observed work.
Common relationships
- Category (Non-structure): Connects an eligible record to a Category used to classify it.
- Folder Content (Non-structure): Connects a Folder to the records it contains for organization and navigation.
- Idea (Non-structure): Connects an eligible record to an Idea associated with it.
Working with this record
Describe what the cost covers and whether the value is estimated, targeted, or actual. Keep the scope clear when comparing values and update the record as better information becomes available.
Example
Seal Redesign Cost records the estimated expense of the proposed redesign.
Choosing the right type
Choose Cost when the expense needs its own managed record. A cost field on another record supplies a value within that record’s context.
