Project budgets impose a strict constraint to expenditure enforceable via budget availability control settings. Project budgets may be constrained overall or per fiscal year. Budgets may be distributed down [...]
The best way of managing forecasts in SAP is to use planning versions. Forecasts are typically produced monthly, and controllers value the analysis of forecasting trends to identify unrealistic [...]
Project costs are based on estimates. Most-likely cost estimates will be exceeded approximately 50% of the time. Contingency is normally added to the most-likely estimated cost to ensure that [...]
WBS hierarchies are normally structured to segregate capital expenditure (CapEx) and operational expenditure (OpEx) at level 2. Large projects will typically incur both types of costs and the budget [...]
Work Breakdown Structure (WBS) elements are used for financial planning and control of projects. WBS elements function as primary cost collectors in a similar way to internal orders but [...]
In SAP, both internal orders and projects are commonly used for control of project expenditure. Both operate as primary cost collectors to monitor projects expenditure to budget. Planned expenditure [...]