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Plant Maintenance Budget using – WBS Element

Budget Planning Overview

  • Budget is the approved cost structure for a project.
  • The budget is the limit set by management for Repairs & Maintenance costs over a certain period of time.
  • Budgets can be distributed hierarchically within the project structure.
  • Budget availability control enables you to control costs actively by issuing warnings & error messages when tolerance limits of the budget are exceeded because of assigned values.
  • Costs of orders assigned to your project can be analyzed in project reporting & will be checked against the project budget.

Procedure for activating Budget using WBS Element

Prerequistie

  1. Creaing Budget profile
  2. Defining Tolerance Limit

Creating Project with WBS element

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Assigning Budget for WBS elements

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In the above screen we can allocate budget to each WBS element yearly.

Creating Maintenance Order

Here as you can see i have assigned material for the required job , in the following screen you can see the total spares cost .

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Assiging the WBS to the Order in Addtional TAB

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On Saving the order you can find the Error message as show below

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You can find the error message by accessing Goto>Logs>Cost Determination

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The same will be applied for External service and External Material Procurement

Regards

Thyagarajan

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