What is 'cost sharing' in SAP PSM-GM - Grants Management?

cost sharing - Overview

• Component: PSM-GM

• Component Name: Grants Management

• Description: Arrangement in where the grantee is required to contribute resources to help fund the sponsored program, based on requirements stipulated by the sponsor.

cost sharing - Details

• 
  Key Concepts: 
  Cost sharing is a feature of the SAP PSM-GM Grants Management component that allows organizations to share the cost of a project or activity between multiple parties. This feature allows organizations to split the cost of a project or activity between multiple parties, such as government agencies, private companies, and non-profit organizations. This feature also allows organizations to track the cost of each party's contribution to the project or activity. 
  
  How to use it: 
  To use the cost sharing feature in SAP PSM-GM Grants Management, organizations must first create a project or activity and assign it a budget. Once the budget is set, organizations can then assign each party involved in the project or activity a percentage of the total cost. Organizations can then track the cost of each party's contribution to the project or activity. 
  
  Tips & Tricks: 
  When using the cost sharing feature in SAP PSM-GM Grants Management, it is important to ensure that all parties involved in the project or activity are aware of their contribution and that they are comfortable with their assigned percentage of the total cost. Additionally, it is important to ensure that all parties involved in the project or activity are aware of any changes to their assigned percentage of the total cost. 
  
  Related Information: 
  For more information on using the cost sharing feature in SAP