How to Re-classify cost from Project to Cost Center.

There is a Project X   -  Its owner is Cost Center YYYYY.
There is pressure to close Project X
but we have commitments to the amount 4 milllion.
We were thinking if there is a way to compensate this 4 million to Cost Center  YYYYY..., and close the project and then use Cost Center YYYYY as the cost object for our PO's / Commitments...
I don't understand the Cost Center Budgeting Philosophy
can anyone give suggestions, how re-classification, re-valuation, or transfers, can be made in SAP.
Regards,
Edited by: Owais Bin Abdul Aziz on Dec 6, 2011 6:04 PM

Hi
You can close project but before closing project transfer actual costs sitting on it to some other cost center.
What do you mean by compensation to CC YYYY?. Please elaborate with more details.
Regards,
PSR

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