What is budget assigned per person/position in SAP PA-PM - Budget Management?

SAP Term: budget assigned per person/position

• Component: PA-PM

• Component Name: Budget Management

• Description: The funds assigned from the higher-level budget in a financial year for financing a position. These funds are assigned directly to the position, or indirectly through the holder of the position.

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• Key Concepts: 
  Budget assigned per person/position is a feature of the SAP PA-PM Budget Management component. This feature allows users to assign a budget to each individual or position within an organization. This budget can be used to track and manage expenses, as well as to ensure that the organization is staying within its budget. 
  
  How to use it: 
  To use this feature, users must first create a budget for each individual or position. This can be done by entering the budget amount into the system and assigning it to the appropriate person or position. Once the budget has been created, users can then track and manage expenses against this budget. They can also view reports that show how much of the budget has been used and how much is remaining. 
  
  Tips & Tricks: 
  When creating budgets for individuals or positions, it is important to ensure that the budget is realistic and achievable. It is also important to regularly review and adjust budgets as needed in order to ensure that the organization is staying within its budget. 
  
  Related Information: 
  For more information on SAP PA-PM Budget Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this component.