What is 'over budget' in SAP EPM-SA - SAP Spend Performance Management?

over budget - Overview

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: Beyond the planned amount of money.

over budget - Details

• 
  Key Concepts: 
  Over budget is a term used in SAP Spend Performance Management (EPM-SA) to describe when an organization has exceeded its budgeted amount for a particular expense. This can be caused by a variety of factors, such as unexpected costs, incorrect budgeting, or changes in the market. 
  
  How to use it: 
  When an organization is over budget, it is important to take action to address the issue. This can include re-evaluating the budget and making adjustments, finding ways to reduce costs, or finding additional sources of funding. It is also important to identify the root cause of the overspending so that it can be addressed in the future. 
  
  Tips & Tricks: 
  It is important to monitor spending regularly to ensure that an organization does not go over budget. This can be done by setting up alerts or reports that track spending against the budgeted amount. Additionally, it is important to review budgets regularly and make adjustments as needed. 
  
  Related Information: 
  For more information on SAP Spend Performance Management (EPM-SA), please visit the SAP website at https://www.sap.com/products/spend-performance-management.html. Additionally, there are many resources available online that provide tips and tricks for managing budgets and avoiding overspending.