Standard Cost Coding System
From HandWiki
A Standard Cost Coding System is a system of cost classification that can be used for benchmarking cost and quantities data. In the Norwegian oil and gas industry, NORSOK Z-014 developed as part of the NORSOK standards. ISO is also developing a Standard Cost coding System as an extension of NORSOK Z-014 under ISO 19008.[1]
Typically a Cost Classification system would be used to classify, activities, resources and product structure. In NORSOK Z-014, these classification taxonomies are called Standard Activity Breakdown (SAB), Code of Resources (COR) and Physical Breakdown Structure (PBS).[2]
References
- ↑ Graham, John; Khan, Mesbah; Partridge, Chris. NORSOK Z-014: A 21st Century Update. https://www.academia.edu/19712829/NORSOK_Z-014_A_21st_Century_Update.
- ↑ "2013-09 - Tutorial - ONTOBRAS2013 - Case Study 5 - Modernising NORSOK SCCS — boro group". http://www.borosolutions.co.uk/solutions/content/files/C5%20-%20ONTOBRAS-2013%20-%20Tutorial%20-%20NORSOK%20SCCS.ppsx/view.
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