Project wise cost center
Can we consider each project as a cost center in an organization?
Ravi Sankar Venna replied
You do not link Project/WBS element and Cost center.
A WBS element will be assigned to the profit center.
WBS element is a real CO object where as Profit Center is a Statiscal Object. All the posting you make to the WBS element, paralelly statistical posting will be flown to your profit center.
When you two real objects like cost center and WBS element at the time of posting a journal voucher, the WBS element prevails as a real object and the two statistcal postings will be posted. One to cost center and the second one to the profit center assigned in the WBS element.
Hope you are clear now.