Planning Costs in Projects
Linda, the project controller now checks the created project by James, the project planner. She discusses with him how the costs should be calculated for the project.
Different Methods of Cost Planning and Calculation
You can plan costs for a project in the SAP Project System (SAP PS) based on WBS elements and/or network activities.
The following are various ways in which you can plan costs for WBS elements:
This is the most basic form of cost planning, where the costs for WBS elements are entered manually. You can choose to break down your figures by fiscal year.
This type of planning (of primary costs and activity inputs) is based on cost elements and periods.
For each WBS element, you use a scheme for entering quantities, such as materials, internal activities, external activities, variable items, and so on. This type of planning is cost element-based.
Easy Cost Planning (ECP)
ECP is a user-friendly method for performing element-based cost planning by means of a quantity structure. You can then use execution services to enter commitment and actual data relating to planned costs.
SAP Business Planning and Consolidation (BPC)
This is a method used to plan costs in SAP Analysis for Microsoft Office (for example in Microsoft Excel) and transfer the data directly to the SAP S/4HANA planning tables in the back-end system.
In addition to manual planning in the WBS, you can assign different types of orders (internal orders or maintenance orders) to WBS elements that are flagged as account assignment elements. This assignment can then be used to display the planned costs of the orders for the project. You can also assign activities to WBS elements and plan costs using these activities.