Costs generate as maintenance work is executed and completed. These costs roll up through the Parent/Child hierarchies, defined within Enterprise Asset Management, and can roll up to any level within an asset hierarchy. Labor, Material, and Equipment charges further classify into several maintenance cost categories.

Enterprise Asset Management captures and retains all work. You can reference completed work to review operations, resources, and costs. This information provides the scope of work and the process by which it is completed.

Managing costs in eAM includes the following topics:

• eAM Costing Methods and Mappings

• Setting Up Cost Categories

• Setting Up eAM Cost Management

• eAM Cost Estimation

• Viewing Cost Information

• Asset Cost Rollup

• Parent-Child Hierarchy Cost Rollup

• Alternate Cost Hierarchy Rollup