A principle for "cleaning up" work values and planned values which prevents inflated values being entered for the valuation of semifinished constructions. Consolidation is necessary if you enter work values cumulatively: Often, work is assigned by one company to a subsidiary or subcontractor. For each assignment a new WBS element is created in the work breakdown structure which is hierarchically assigned at a lower level than the WBS structure for which the work has been completed. In the construction industry it is common practice to enter values cumulatively. Because values are entered cumulatively, the work values reported back for the higher-level WBS element also include the values for the lower-level recipient WBS element. Hence, it would seem, from the overall view of the project, that a particular service has been posted twice. The contract values, as well as the planned costs and planned revenues are also entered cumulatively. Therefore the problem of double postings also arises here.
More terms such as consolidation (PS-REV-CPR) in Dictionary C.
- Manual Critical Success Factor (XAP-RPM):
- Help An element that is crucial for the success or failure of a company. Critical success factors are important for both a company's present and future performance, and its stakeholders consolidation (ps-rev-cpr) definition.
- Manual Commission Contract Type:
- Help Allows you to distinguish between two different commission contracts. Possible commission contract types in an insurance context are: Senior agent Junior agent Broker Field-force employee consolidation (ps-rev-cpr) explain.
- Manual Cost Element (XAP-CQM):
- Help An element in a cost bucket. Cost elements enable you to break down the cost associated with one cost bucket into more granular entities consolidation (ps-rev-cpr) what is.
- Manual Corporation ID:
- Help A number used to identify a company, in South Korea consolidation (ps-rev-cpr) meaning.
- Manual Costs (FI):
- Help The value of use of economic goods both tangible and intangible for the creation and sale of goods and services, as well as the acquisition and maintenance of plant and machinery consolidation (ps-rev-cpr) abbreviation.
