What is commitment item group in SAP PSM-FM - Funds Management?

SAP Term: commitment item group

• Component: PSM-FM

• Component Name: Funds Management

• Description: A grouping of commitment items for purposes of evaluation.

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• Key Concepts: 
  Commitment item groups are used in Funds Management to group together commitment items that have similar characteristics. They are used to define the budget structure and to control the budget. Commitment item groups are used to define the budget structure and to control the budget. They are also used to assign budget amounts to different areas of responsibility and to monitor the budget. 
  
  How to use it: 
  Commitment item groups can be used in Funds Management to group together commitment items that have similar characteristics. This allows for easier budgeting and monitoring of funds. The commitment item groups can be used to assign budget amounts to different areas of responsibility and to monitor the budget. 
  
  Tips & Tricks: 
  When creating commitment item groups, it is important to consider the characteristics of the commitment items that will be grouped together. This will ensure that the budget structure is properly defined and that the budget is properly monitored. It is also important to consider how the commitment item groups will be used in Funds Management, as this will determine how they are set up and how they are monitored. 
  
  Related Information: 
  For more information on commitment item groups, please refer to SAP Help documentation on Funds Management (PSM-FM). This documentation provides detailed information on how to create and manage commitment item groups, as well as tips and tricks for using them effectively.