Create a cost model with the Cost Model form

You can create multiple cost models to process allocations. Use the Cost Model form to configure all possible settings available to the cost model.

Before you begin

Role required: financial_mgmt_admin

About this task

You can select a cost model in the The Data Definition stage when you set up allocations. You can also create a basic cost model from the workbench.

Procedure

  1. Navigate to Financials > Cost Models > All
  2. Click New.
  3. Fill in the form fields (see table).
  4. Click Submit.
    Figure 1. The Cost Model form
    The Cost Model form
    Table 1. Cost Model form fields
    Field Description
    Name The name of the cost model.
    Description Description of the cost model.
    Model Owner The user who created the cost model.

    The buckets that use this cost model are shown in the Buckets related list.