Valuation Categories for Order types

Dear Experts,
How to create valuation categories and how to group them and assign them to a particular order type ?
What is the significance of assigning value categories to maintenance cost key figures?
Thanks and Regards,
Ram

You create your own value categories in the configuration "Maintain Value Categories".
You assign the cost elements to these categories in "Assign Cost Elements to Value Categories"
In this way you can present a different view than the standard cost report in the service order.
You can group or split out different cost elements in your value categories in an entirely different format than in the SAP supplied cost report.
Transaction OIVC is a nice little report for checking the value category cost element assignments.
Assigning them to cost key figures makes the data available in PMIS (Information Systems for Plant Maintenance and Customer Service) Here you can also group your value categories, it does not have to be a one-to-one relationship.

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