When I put a material in project structure, the cost is automatically included as a cost planning for the project. Cost of the material is taken from the material master. There’s a way if you want to exclude material cost in project cost planning. Just click the material from the Project Builder: CJ20N, and then on the material general data, un-check the Cost Rel
Eliminate Material Cost in Project Cost Planning
Create Project Structure and Prepare Fund Center
1. CJ20N, first we create only the Project Definition & complete WBS Structures
2. FM2I, then funds center needs to be created for the project
3. CJSG, to make it easier to assign fund center to WBS elements, create WBS Element group
4. FRC7, then assign fund center to WBS Elements/WBS Element group
5. FM9K, change the budget structure, (in my case, the timeframe should be chose from the selection provided), and “Group assignments” should be checked
5. FMG5, here we generate the new object
——-done with the fund center assignment——-
Create Cost & Revenue Planning
Cost planning has different level of detail depending on the status of the project. Usually on the Business Plan phase the cost planning is less detail than the execution phase. So cost planning can be done in WBS elements level or until activity level, if the structure is already detailed until activity level.
1. CJ40, to create WBS cost planning, can only be planned on planning element WBS.
2. CJ42, to create revenue planning, can only applied on billing element WBS.
3. CJ20N, to create activity cost planning, ex: in activity cost, define the amount and cost element (if you make external service activity, or add some material component, the cost will also automatically added as cost planning)
—–done with the cost&revenue planning—-
Create Budget
This is when we want to take the cost&revenue planning as project budget.
1. CJ9FS, use the operative (0) as the source and choose FM as the target. The output is budget created in CO module.
Then if you want to use the “lock budget” feature then the budget should be uploaded to FM module, using this:
2. FM9C, source is FM and the target is “0″ (the operative version in Funds Management module), tick the Payment Budget checkbox
1. KA06 -> to create secondary cost element to pool the work center costs.
2. KL01 -> create activity type, this is to connect work center data to secondary cost element that created previously.
3. KP26 (mine using layout 1-201C), here we set the rate for the work center/activity type and the cost center as cost allocation for activity type.
4. CNR1, here we create the work center and link it to the activity type from the “Costing” tab, here the cost center should be filled with the one defined in the activity type (KP26) or else it will generates an error message
Customizing Related to work center:
1. OP17 –> this is the Parameters definitions
2.OP21 –> this is to define the formula
