Cost Class Lifecycle

The Cost Class policy controls whether a cost class is opened or closed. A cost class compares the before and after effects of a budget change request. Before a cost class can be created, a budget change request must exist and be in the Review state.

The Cost Class lifecycle includes these states:

This page discusses:

Opened

A new cost class is created in the Opened state. It is active and available to be used. The Cost Analyst, Cost Manager, or Cost Account Manager can promote the cost class to the Closed state.

Closed

Activity is complete and the cost class is no longer available.