- SAP PS Tutorial
- SAP PS - Home
- SAP PS - Overview
- Integration with ERP Modules
- Organization Structure Elements
- SAP PS - Currencies
- SAP PS - What is a Project?
- SAP PS - Defining Special Characters
- SAP PS - Status Profile
- SAP PS - Selection Profile
- SAP PS - Project Profile
- SAP PS - Settlement Profile
- SAP PS - Network Profile
- SAP PS - Network Type
- Person Responsible for Work Center
- Maintain Activity Control Key
- SAP PS - Access Control List
- SAP PS - Cost Component
- SAP PS - Execution Service Profile
- SAP PS - Budget Management
- Number Ranges for Budgeting
- SAP PS - Revenues and Earnings
- SAP PS - Dates
- WBS Scheduling Parameters
- SAP PS - Material
- SAP PS - Versions
- SAP PS - Project Information System
- SAP PS - Consultant Responsibilities
- SAP PS - Useful Resources
- SAP PS - Questions & Answers
- SAP PS - Quick Guide
- SAP PS - Useful Resources
- SAP PS - Discussion
SAP PS - Budget Management
Budget is defined as the approved cost for a project and it is different from the cost plan. The Budget is the approved cost from management for expected development of order cost for a given time period. Different budget types exist in a Project system.
Original Budget
In Project system, original budget is defined as the allocated cost assigned for a development order. You can update the budget using the budget update options.
Budget update is known as the unexpected events that occur. Current budget is calculated from the following factors −
- Original Budget
- Supplements (added)
- Transfers (addition/subtraction)
- Returns (Subtraction)
SAP PS – Budget Profile
You can define the budget profile for projects in SAP system.
To create a budget profile −
Step 1 − Use T-code: OPS9 or navigate to SPRO → IMG → Project System → Cost → Budget → Maintain budget profiles in SAP
Step 2 − A new screen Budget Profile for Projects overview will appear. Click New Entries.
Step 3 − In the new window, enter the following details −
Profile − Enter the unique ID that identify the budget profile
Text − Enter the text description
Time Frame − Enter the number of years for budget. It has three options: Past, Future and Start
Total Values − This is used to select budget as over value
Annual Values − Maintaining budget for yearly basis
Investment Management − Program type budget for an investment program
Other fields like Availability Control, Currency translation and budgeting currency.
Once you enter all the fields, click the save button at the top.
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