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Standard Cost Coding System

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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.

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)[1].

References

  1. ^ "Ontolog Presenation". Retrieved January 2, 2015. Cite error: The <ref> tag has too many names (see the help page).
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