What is proposed budget/resources in SAP PPM-PFM - Portfolio Management?

SAP Term: proposed budget/resources

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: The top-down given amount of budget/resources. The amount of proposed budget/resources can still change after top-down/bottom-up negotiations.

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• Key Concepts: 
  Proposed budget/resources is a term used in SAP Portfolio Management (PPM-PFM) to refer to the estimated budget and resources needed to complete a project. This includes both the financial and personnel resources required to complete the project. 
  
  How to use it: 
  When creating a project in SAP Portfolio Management, users will be asked to provide a proposed budget/resources. This should include an estimate of the financial resources needed, such as the cost of materials, labor, and other expenses. It should also include an estimate of the personnel resources needed, such as the number of people required and their skill levels. 
  
  Tips & Tricks: 
  When estimating the proposed budget/resources for a project, it is important to be as accurate as possible. This will help ensure that the project is completed on time and within budget. It is also important to consider any potential risks or uncertainties that could affect the project’s budget or timeline. 
  
  Related Information: 
  For more information on proposed budget/resources in SAP Portfolio Management, please refer to the official SAP documentation.