What is cost overrun in SAP FS-CM - Claims Management?

SAP Term: cost overrun

• Component: FS-CM

• Component Name: Claims Management

• Description: Amount for benefits with dental treatment that go beyond the agreed scope. When insureds in a German statutory insurance opt for dental restoration that goes beyond the benefits entitlement, the insurer reimburses only those costs incurred for benefits that are part of the agreed scope. Insureds must pay for the cost overrun themselves. If the insured has a private supplementary insurance, this would cover such costs.

Smart SAP Assistant

• Key Concepts: 
  Cost overrun is a term used in the FS-CM Claims Management component of SAP. It refers to the situation when the actual cost of a project exceeds the estimated cost. This can be caused by a variety of factors, such as unexpected delays, changes in scope, or unexpected costs. 
  
  How to use it: 
  In FS-CM Claims Management, cost overruns can be tracked and managed using the Cost Overrun Analysis report. This report provides an overview of all cost overruns and allows users to drill down into the details of each overrun. The report also provides insights into potential causes of the overruns and allows users to take corrective action. 
  
  Tips & Tricks: 
  It is important to monitor cost overruns closely and take corrective action as soon as possible. This will help to ensure that projects stay on track and within budget. Additionally, it is important to review the Cost Overrun Analysis report regularly to identify any potential issues before they become major problems. 
  
  Related Information: 
  For more information on cost overruns in FS-CM Claims Management, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide more detailed information on how to manage cost overruns in SAP.