Where is a product cost model constructed?

The construction of a product cost model occurs in the specific setup identified in the relevant module of Infor M3. In this case, the correct location for constructing the product cost model is PCS025. This function is crucial because it allows users to define how various costs associated with a product are calculated and managed throughout its lifecycle.

PCS025 serves as the workspace where different components of the cost model can be established, such as material costs, labor costs, overhead, and any other relevant expenses that contribute to the total cost of a product. By constructing a detailed and accurate cost model, businesses can better assess pricing strategies, profitability, and cost control measures.

The other locations mentioned, PCS020, PCS030, and PCS015, serve different purposes related to product costing but do not specifically focus on the construction of the product cost model itself. Thus, they are not the correct answer for this question.