Cost Types
Cost Type Overview
Purpose: Correcting nonconformities can incur financial or manpower costs. Different cost types may be set up for different currencies or manpower groups.
The format of the numerical cost value may be presented as an Integer, Currency or Percentage. Symbols may also be set up to reflect the cost type in short form.
Examples that may be considered:
- Financial costs may reflect different currencies such as the GB Pound or the US Dollar.
- Manpower may be considered in terms of Man hours or days. It may also be represent as a percentage of effort. Eg 10% of a day.
