What is alternative valuation in SAP PA-PM-PB - Position Budgeting and Control?

SAP Term: alternative valuation

• Component: PA-PM-PB

• Component Name: Position Budgeting and Control

• Description: The valuation of a position different to the valuation that was assigned to a position and with which it is displayed in the position plan.

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• Key Concepts: 
  Alternative Valuation is a feature of Position Budgeting and Control (PA-PM-PB) in SAP. It allows users to assign different values to the same position or job, depending on the circumstances. This can be useful for budgeting and forecasting, as it allows users to adjust their budget based on changing conditions. 
  
  How to use it: 
  To use Alternative Valuation, users must first set up the feature in the system. This includes defining the different values that can be assigned to a position or job, as well as setting up rules for when each value should be used. Once this is done, users can then assign different values to positions or jobs as needed. 
  
  Tips & Tricks: 
  When setting up Alternative Valuation, it is important to consider how often the values will need to be adjusted. If the values are changed frequently, it may be beneficial to set up an automated process that will update the values as needed. This will help ensure that the budget is always up-to-date and accurate. 
  
  Related Information: 
  For more information on Position Budgeting and Control (PA-PM-PB) in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.