What is summarization item in SAP PA-PM - Budget Management?

SAP Term: summarization item

• Component: PA-PM

• Component Name: Budget Management

• Description: A line item that can be used for budgeting purposes, but not for posting.

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• Key Concepts: 
  Summarization item is a feature of the SAP PA-PM Budget Management component that allows users to group and summarize budget data. It enables users to create a hierarchy of budget items, such as cost centers, projects, and activities, and then summarize the data associated with each item. This allows users to quickly view and analyze budget data at different levels of detail.
  
  How to use it: 
  To use summarization item, first create a hierarchy of budget items in the system. This can be done by creating cost centers, projects, and activities. Then assign summarization items to each item in the hierarchy. This will allow users to view and analyze budget data at different levels of detail. Finally, users can use the summarization item feature to group and summarize budget data according to their needs.
  
  Tips & Tricks: 
  When creating summarization items, it is important to ensure that the hierarchy is properly structured. This will ensure that the summarization items are correctly assigned and that the data is accurately summarized. Additionally, it is important to ensure that all relevant budget data is included in the summarization item so that users can get an accurate view of their budget.
  
  Related Information: 
  For more information on summarization items in SAP PA-PM Budget Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_Central_Component/7.0_SP12/en-US/f8d9f3a2b7c14e6f9a8d3c2b7e5f9a1d.html