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<ManualTopic ID="/baanerp/ff/project/project_ff_ptc" xml:lang="en">
   <Header>
      <Title> Project Budget</Title>
      <Keyword type="header" order="d1e439316">
         <Level1>Functions and features</Level1>
         <Level2>Project Budget</Level2>
      </Keyword>
      <Keyword type="header" order="d1e439322">
         <Level1>Project Budget</Level1>
         <Level2>functions and features</Level2>
      </Keyword>
   </Header>
   <ConceptSection>
      <Paragraph>The purpose of this module is to prepare, control, and maintain
		the project budget throughout the lifetime of the project, as a baseline. Two
		methods are available to set up the project budget: element-based and
		activity-based. Many other setups are required before you can create a project
		budget. The activity structure, which is required for activity budget, can be
		maintained in the PSS module or the external scheduling package, Microsoft
		Project.</Paragraph>
   </ConceptSection>
   <GeneralSection>
      <List>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000062" role="manual">To use budgets in a project</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>You can use the
			 Project Planning of Project to draw up, analyze and amend a project budget that
			 can be based on elements or activities.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000318" role="manual">To use a bottom-up budget</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>A bottom-up budget
			 makes a budget for each element or activity in the work breakdown structure,
			 and summarizes these budgets to provide a total project cost budget.
			 .</Paragraph>
         </ListItem>
         <ListItemHead>Budget adjustments</ListItemHead>
         <ListItem>
            <Paragraph>Enter the adjustment
			 codes, budget type and currency that you want to use for a specific project. An
			 adjustment is a modification to a frozen bottom-up budget. Modifications will
			 only increase or decrease the budget.</Paragraph>
         </ListItem>
         <ListItemHead>Activity budget</ListItemHead>
         <ListItem>
            <Paragraph>View totals by
			 project, cost type, and total number of hours, based on budget cost analysis.
			 Use the tabs to view and maintain details for each cost type. You can run
			 several cost analyses for the same budget. Each budget is stored with a
			 combined project code and budget cost-analysis code, so you can compare the
			 budgets.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000076" role="manual">To use budget cost analysis</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>The Budget Cost
			 Analysis (BCA) facility helps display and print the information you need. You
			 do not analyze the actual budget directly. Instead, you generate a new type of
			 data called Analysis Data, and run inquiries and reports on that derived data.
			 You can think of the analysis data as an overview of the actual
			 budget.</Paragraph>
         </ListItem>
         <ListItemHead>Budget cost analysis versions</ListItemHead>
         <ListItem>
            <Paragraph>An analysis of the
			 bottom-up budget. You can run several cost analyses for the same budget. Each
			 budget is stored with a combined project code and budget cost-analysis code, so
			 you can compare the budgets.</Paragraph>
         </ListItem>
         <ListItemHead>Generate budget cost analysis</ListItemHead>
         <ListItem>
            <Paragraph>Generate a
			 budget-cost analysis. ERP Enterprise takes the default for the selected analysis code from:</Paragraph>
            <List>
               <ListItem>The exchange rate type</ListItem>
               <ListItem>The effective date</ListItem>
               <ListItem>The budget line status values</ListItem>
            </List>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000077" role="manual">To use a control budget</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>The control budget is
			 a derived budget based on the project budget and surcharges.</Paragraph>
         </ListItem>
         <ListItemHead>Generate control sata</ListItemHead>
         <ListItem>
            <Paragraph>Generate a control
			 budget based on an actual budget of one or more projects. You can do a complete
			 run or a net change run.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000075" role="manual">To use purchase budgets</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>A typical actual
			 budget contains cost objects with long purchase periods. Also, the quantities
			 to be purchased can be uncertain. To wait until such information is available
			 can delay the project and prove costly. Using the Purchase Budget sessions, you
			 can procure such cost objects before project execution starts.</Paragraph>
         </ListItem>
         <ListItemHead>Generate purchase budgets</ListItemHead>
         <ListItem>
            <Paragraph>Generate purchase
			 budgets for one or a range of selected range of projects, elements or
			 activities, cost components and extensions.</Paragraph>
         </ListItem>
         <ListItemHead>Update prices and rates in budget</ListItemHead>
         <ListItem>
            <Paragraph>Globally update
			 purchase prices/rates and cost prices/rates in the actual budget. The current
			 prices/rates are replaced by the latest ones. If prices are dependent on
			 quantities, the total quantity by cost object is determined from the budget
			 structure.</Paragraph>
         </ListItem>
         <ListItemHead>Update budget dates in budget</ListItemHead>
         <ListItem>
            <Paragraph>Update the budget
			 date in the bottom up budget (element or activity). The budget date can be
			 modified collectively instead of opening each budget line individually.
			 Modifying the budget date can result in a change in the currency
			 rates.</Paragraph>
         </ListItem>
         <ListItemHead>Check cost object mapping</ListItemHead>
         <ListItem>
            <Paragraph>Check the following
			 using cost object mapping:</Paragraph>
            <List>
               <ListItem>Whether a reference activity is linked to the project
				activity for a selected range of projects.</ListItem>
               <ListItem>The mapping data, if defined, for the specified reference
				activity, in which case, the session allows you to check if the resources
				linked to the specific reference activities are mapped to the project cost
				object.</ListItem>
            </List>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000320" role="manual">To use a top-down budget</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>A top-down budget is
			 used to distribute amounts across an activity structure. The constraint of a
			 top-down budget is that the amount check for lower level elements for the
			 distributed amount is used, and therefore you cannot enter lower level amounts
			 that are higher than the distributed amount.</Paragraph>
         </ListItem>
         <ListItemHead>Top down budget data</ListItemHead>
         <ListItem>
            <Paragraph>Display budgeted
			 amounts by activity for the selected top down budget-version and project.
			 Because ERP Enterprise works with a
			 derived-from version structure, the data can come from an older (most recent)
			 version.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000068" role="manual">To use a time-phased budget</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>A time-phased budget (TPB) is a time-scaled budget based on
			 activities, created from a top-down budget.</Paragraph>
         </ListItem>
         <ListItemHead>Earned value method related data</ListItemHead>
         <ListItem>
            <Paragraph>A time-phased method
			 for measuring project performance. It compares the amount of work that was
			 planned with work that was actually accomplished to determine if cost and
			 schedule performance are as planned. Display the earned value methods of those
			 activity that are used in the time-phased budget for the current version.</Paragraph>
         </ListItem>
         <ListItemHead>Generate time phased budget</ListItemHead>
         <ListItem>
            <Paragraph>Generate the budgeted
			 amounts by cost-type for a selected time phased budget analysis code and
			 version.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000064" role="manual">To use an element structure</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>You can define a parent-child relationship between any two
			 elements in your project. The parent element is at a higher level than the
			 child. Parent-child relationships can be one-to-one or one-to-many. On the
			 basis of parent-child relationships, you can create a multi-level, tree-like
			 hierarchy of elements.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000024" role="manual">To use an activity structure</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>The activity structure is a hierarchical structure commonly
			 used to break a project down into time-scaled activities. An activity structure
			 is defined by reference to its top activity. The hierarchy of an activity
			 structure consists of all the activities that appear below the top
			 activity.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000065" role="manual">To use progress recording</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>During project execution, you record the degree of
			 completion of all or parts of the project. This progress information can form
			 the basis for customer invoicing, or it can be just for cost control
			 purposes.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000066" role="manual">How to use cost recording</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>During project execution, you want to record actual costs
			 optionally, against the project budget lines. Cost recording can be done in
			 Project, or in the Financials and then transferred to Project.</Paragraph>
         </ListItem>
         <ListItemHead>
            <Link href="/baanerp/tp/onlinemanual/000067" role="manual">To use element-based budget lines</Link>
         </ListItemHead>
         <ListItem>
            <Paragraph>If you create elements for your project, and link them in a
			 multi-level hierarchical structure, you can create the element budget. Enter
			 budget line s for each element by using cost objects to the
			 elements.</Paragraph>
         </ListItem>
      </List>
   </GeneralSection>
</ManualTopic>