Budget Management in SAP PM

Question

Hey Friends,
I want to know how budget management can be done in SAP PM can anyone help me with that?
Thanks in advance.

Answer 1

Hi,
Follow the process:
1.  Usually done by finance.
a) go to trans koab
b) tick the commit management in control indicators
    maintain co-partner as semi active
    you can maintain other things as maintaenance status and settlement profile
c) you should maintain object class as overhead costs orif you have service module you can do profitably analysis
d) you must maintain collective order without automatic goods movement
e) you can maintain status profile as your wish
f) for residence time i amintaied one month
2) then you have to maintain budget profile
    for maintaining budget profile you have to goto trs ok0b
    crate a budhet profile these are co people job
3) go to oioa here you assign budget profile to order type
4) in mantain budget profile 
     time frame -past means how many years past you can  plan here start year is the referenace point  
     same with future
     you must tick total values
     annual values
     exchange rate should be m-standard  translation at average rate
     activation type should be 1-automaticactivated when budget allocation done
     budgeting  currency-i choose controlling currency
5) then go to ko22 and assign the budget profile to order or group of order
This is the way you can maintain budget for pm orders.
Thanks,
SS