What is availability control in SAP PSM-FM-BCS - Budget Control System?

SAP Term: availability control

• Component: PSM-FM-BCS

• Component Name: Budget Control System

• Description: The realtime checking of the availability of funds, in order to identify possible budget underruns or overruns when funds are being committed.

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• Key Concepts: 
  Availability control is a feature of the Budget Control System (BCS) component of SAP's Project System Management (PSM) module. It is used to monitor and control the availability of funds for a project or activity. It helps to ensure that the budgeted funds are not exceeded and that the project is completed within the allocated budget. 
  
  How to use it: 
  Availability control is used to monitor and control the availability of funds for a project or activity. It can be used to set up budget limits for each activity, and then monitor the actual costs against these limits. If the actual costs exceed the budgeted amount, then availability control will alert the user and prevent further spending. 
  
  Tips & Tricks: 
  When setting up availability control, it is important to ensure that all budget limits are set correctly. This will help to ensure that the project is completed within the allocated budget. Additionally, it is important to regularly review and update the budget limits as needed, as this will help to ensure that the project remains within its allocated budget. 
  
  Related Information: 
  For more information on availability control in SAP's Project System Management module, please refer to SAP's official documentation on Budget Control System (BCS). Additionally, there are many online resources available which provide detailed information on how to use availability control in SAP.