The ‘Automatic Reduction of Remaining Work’ indicator in the control key assigned to an activity determines if the system automatically calculates remaining work as the difference between planned work and actual work posted. If this is not active, actual confirmations do not update the remaining work, which is a common issue in time tracking scenarios.

For material costs to flow correctly to a project, the material component must be assigned to a WBS element that is flagged for account assignment. If the component is assigned to a summary WBS element without this indicator, the goods issue will not post costs to the project, leading to a discrepancy between physical consumption and financial reports.

A Standard WBS is the master data object used to create reusable templates for the work breakdown structure. It allows you to predefine the WBS hierarchy, dates, organizational assignments, and other control parameters, which can then be copied to create new project definitions efficiently.

A Costing Project is used for internal projects where the goal is to monitor costs and possibly settle them to other cost objects (like cost centers or orders), but no sales order billing is involved. It’s ideal for tracking internal initiatives, R&D, or process improvements without external revenue.

For services, the process is: 1. Service Entry (accepting the service, often via a service entry sheet), which creates a Goods Receipt for the service. 2. Invoice Verification (MIRO) to enter and match the vendor’s invoice. 3. An Activity Confirmation may also be done to update the network activity progress, but the core financial sequence for services is Service Entry followed by Invoice Verification.

The ability to assign material components to network activities is controlled at the network type level via the assignment of a Material Component Profile. If no profile is assigned to the network type being used, the tab for material components will not be available in the activity detail, regardless of other settings.

Overhead costs are applied based on the costing sheet assigned to the project, which uses overhead keys to determine the rates and bases for calculation. If the overhead key in the project definition’s costing view is missing, incorrect, or inactive, the system will not calculate and post the planned or actual overhead, even if primary costs are posted correctly.

To settle costs from a WBS element to an asset, the WBS element must be assigned the specific Asset Master Record number (for the AUC or final fixed asset). This assignment is made in the WBS element master data under the ‘Assignment’ tab. The settlement rule then uses this asset number as the receiver.

Project Version 3 is specifically designated as the Forecast version. It is used to store updated cost and revenue estimates for the project’s remaining work, allowing for comparison against the original budget (Version 0) and the current approved budget (Version 1) in reports like the Project Profitability Report.

The ‘Automatic Reduction of Remaining Work’ indicator in the control key assigned to an activity determines if the system automatically calculates remaining work as the difference between planned work and actual work posted. If this is not active, actual confirmations do not update the remaining work, which is a common issue in time tracking scenarios.0