Commitment Items and Cash management in Projects

[Former Member]

Hi Gurus,

Please tell me how can i do the cash management project wise. What needs to be configure and what is the business process???

How can we do cost planning and budgeting in projects???

Please revert asap.

Thank You

[Former Member · Accepted solution]

Hi,

The coffiguration steps for Cash Management are as follows:

1 Maintain FM Area

2 Assign company code to FM Area:

3 Activate Project Cash Management in company code:

4 Create and Assign Commitment Items

5 Check Assignment of G/L Account / Commitment Item

There are 6 types of SAP cost planning functions available to Project System.

• Hierarchical Cost Planning

• Unit Costing

• Detailed Planning

• Easy Cost planning

• Network Costing

• Assigned Order Planned Costs

In Hierarchical Cost Planning , planned costs are maintained for each WBS element in CJ40 transaction.

WBS Budgeting allocates the overall cost estimates to individual work items so a baseline can be set to measure project performance and control spending. In other words , budget is approved planned costs.

Budgeting can be done thru T Code CJ30 .

I hope this helps you.

Reward points if useful.

Regards,

Amit

[Former Member · Accepted solution]

Hi Amit,

Please tell me, after doing this configuration, how can we check it whether it is working fine or not.

Please revert asap.

Thank You

[Former Member · Accepted solution]

Hi,

You can see the report S_ALR_87013573 to see revenue and expenses for the project.

Regards,

Amit