Define Budget Control Rules

Explanation

Use this activity to define how budget control is enforced on procurement transactions for a project.

You can choose one of the following control methods:

Validation takes effect from the Consumption Point, which is defined in the Project Budget Control page in Basic Data for each company. It determines when procurement costs are considered consumed for validation purposes.

Each rule generates a Control Total value, calculated from the active budget. The Consumed value reflects the total cost of procurement transactions recorded against that rule from the defined consumption point. If no corresponding budget line exists, the control total is zero.

Use the Project Budget Control Summary page to monitor both the control limits and actual consumption.

Prerequisites

System Effects