Defining Cost Models
Cost Model is a container holding all Cost Types. As shown in the diagram, you can create n Cost Types for n number of Cost elements.
- In CPQ Console, go to + (All Tabs) > select Cost Models.
- Click New. The New Cost Model page is displayed.
- In the Cost Model field, enter a name for the cost model.
- Click Save.
Your cost model is created and you can start adding cost types.
Define Cost Types
Cost Types correspond to individual cost entities. You can define parent for a Cost Type thereby creating Cost Type hierarchies.
- From the Cost Types related list, click New Cost Type.
