What is apportionment budget in SAP PT - Personnel Time Management?

SAP Term: apportionment budget

• Component: PT

• Component Name: Personnel Time Management

• Description: A planning value that can be used to distribute position budget within a budget hierarchy.

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• Key Concepts: 
  Apportionment budget is a feature of SAP Personnel Time Management (PT) that allows users to allocate a budget to a specific cost center or organizational unit. This budget can be used to track and manage the costs associated with personnel time management activities. The apportionment budget is used to ensure that the costs associated with personnel time management activities are within the allocated budget. 
  
  How to use it: 
  The apportionment budget can be set up in SAP PT by creating a budget plan. This plan can be used to define the budget for each cost center or organizational unit. The budget plan can also be used to define the period of time for which the budget will be valid. Once the budget plan is created, it can be used to track and manage the costs associated with personnel time management activities. 
  
  Tips & Tricks: 
  When setting up an apportionment budget, it is important to ensure that the budget is realistic and achievable. It is also important to ensure that the budget is regularly monitored and updated as needed. This will help ensure that the costs associated with personnel time management activities are kept within the allocated budget. 
  
  Related Information: 
  For more information on setting up an apportionment budget in SAP PT, please refer to SAP Help documentation. Additionally, there are several online resources available that provide detailed information on how to set up and manage an apportionment budget in SAP PT.