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Creating a cost center

Asset Management Suite

The Cost Center organizational type lets you add your company's cost centers into the Configuration Management Database (CMDB). Cost centers are associated with the departments or other sections of the company that create costs. For example, an engineering department, IT department, or services department can each include one or more cost centers. The managers of these cost centers are responsible for approving all asset purchases and ensuring that the expenditures are kept within budgets.

With each cost center, you can associate a location and a manager of a cost center. However, if your organization has a single cost center that spans multiple locations, you do not use this field. You can then only specify a cost center for each location.

See Creating a location

The Cost Center configuration item type lets you create a hierarchical structure of the cost centers in your company. Note that on the Cost Center page, all cost center items are displayed in the flat list. You can see the hierarchy of the cost centers on the Organizational Views and Groups page.

This task is a step in the process for setting up your organizational structure.

See Setting up your organizational structure

To create a cost center

  1. In the Symantec Management Console, on the Home menu, click Service and Asset Management > Manage Configuration Items.

  2. In the left pane, expand Organizational Types.

  3. Right-click Cost Center and click Create Cost Center.

  4. In the Create configuration item window, give the cost center a name and specify the Cost Center Code.

    You use Cost Center Code value for accounting related data.

  5. To create a child cost center, under Cost Center Hierarchy, select a parent cost center.

  6. Click OK.