What is lump sum budget or plan in SAP IM - Investment Management?

SAP Term: lump sum budget or plan

• Component: IM

• Component Name: Investment Management

• Description: An estimated plan value or budget value for asset acquisitions. These plan values or budget values are overall estimates for a specific period of time, rather than being related to specific individual acquisitions.

Smart SAP Assistant

• Key Concepts: 
  Lump sum budget or plan is a type of budgeting in SAP Investment Management (IM) that allows for a single, fixed amount to be allocated to a project or activity. This type of budgeting is useful when the exact cost of a project or activity is not known in advance, as it allows for flexibility in the budgeting process. 
  
  How to use it: 
  In SAP IM, lump sum budgets are created by entering the total amount to be allocated to the project or activity. This amount is then divided into individual line items, which can be used to track the progress of the project or activity. The line items can also be adjusted as needed, allowing for changes in the budget as the project progresses. 
  
  Tips & Tricks: 
  When creating a lump sum budget in SAP IM, it is important to ensure that the total amount allocated is sufficient to cover all costs associated with the project or activity. Additionally, it is important to keep track of any changes made to the budget, as these can have an impact on the overall cost of the project or activity. 
  
  Related Information: 
  For more information on lump sum budgets in SAP IM, please refer to the official SAP documentation on Investment Management. Additionally, there are several online resources available that provide detailed information on how to create and manage lump sum budgets in SAP IM.