11-25-2013 1:17 PM
Dear Experts,
I need your help in mapping budget structure in Funds management.
The requirement is
Project Code : 1
Activity : A
Sub-Activity : 01 XX
Task : 001 XXX
Complete example : 1A01001
In the above scenario i can maintain the budget in PS module in activity level sub activity level and task level ( wbs element wise).
In the same way how can i maintain and control in Funds management ?
Can i maintain the as follows
Project= FUND,
Activity= FUNDED PROGRAM
Sub activity= Fund center
Task= commitment item.
Plz help me how to map this scenario in FM.
Thanks in advance
Kittu
11-25-2013 4:15 PM
Hi,
This depends on the budget control you want to implement. As you can always create a commitment item 1A01001, as in your example, without creating all these different dimensions such as funded program, funds, etc.
But, I don't understand: do you want get rid of PS budget and manage one in PSM/FM or you want to do it in parallel?
Regards,
Eli
11-26-2013 8:33 AM
Hi Eli,
Thank you very much for your inputs.
We need to maintain the budget in both PS and FM as per the below structure
Project : 1
Activity : A
Sub-Activity : 01 XX
Task : 001 XXX
Complete example : 1A01001(This is project code in PS)
Instead of creating Commitment item 1A01001, My requirement is how to consider the above hierarchy in FM .like Fund ,Funded program....Fund center etc.
We want to maintain the budget bottom to top in FM with availability control like PS.
Plz provide me your valuable inputs.
Thanks,
Kittu
11-26-2013 8:39 AM
Hi,
You have to be precise. Where expenses nature comes to your picture? Why would you want to copy exactly the same 'structure' in FM, like you have in PS. In any case, if the project is 1A01001, then this is your fund centre: I see no need in putting fund sources or funded programs. It is not the way it should work...
Regards,
Eli
11-26-2013 2:32 PM
Hi Eli,
thanks for your time and valuable inputs.
as you said in the previous thread, we create our structure with Funds Centers same the structure in the PS. but we have have three Funds using these Projects. as shown in the below example.
FUND1 + PROJECT 1A01001
FUND2 + PROJECT 1A01001
FUND3 + PROJECT 1A01001
fund centers under each project is equals to the WBS element.
but during the derivation it may not possible to assign the same fund center with Different Funds.
as the current process is using the same project used by three funds.
So how we can achieve this with out changing the project code.
Thanks,
Kittu
11-26-2013 2:55 PM
Hi,
Then, as I said in previous message, you should have another parameter during the posting, which would allow deriving the fund source; unless, you expect from the users to enter it manually during the posting.
Regards,
Eli
11-26-2013 3:47 PM
Hi Eli,
Thank you .I will try this with new parameters for derivation of fund source.
Thanks,
Kittu