Skip to Content

Budget Return form From CJ38 to IM38

Hi

I am having a doubt on how to return to Project Budget to Investment Budget

Though Investment Measure i assigned the Top Level WBS - A witha Budget $100,000

Further i Bifercate the Budget of WBS A into WBS A.1 and WBS A.2 for $60,000 and $40,000 in CJ30

Now i go to CJ32 and release partial Budget WBS A = 60,000 and the Sub WBS A.1 = $35,000 and WBS A.2 = $25,000

Now I utilize the Budget and Actual cost against WBS A = $50,000 and for Sub WBS A.1 = $28,000 and WBS A.2 = $22,000

Now i want to Retun the unused budget to the Top WBS i.e A.
Return amount is WBS A.1 = $7000 (35000-28000) and WBS A.2 = $3000 (25000-22000)

When i try to do the error mesage apears.. "Overall budget less than overall release"

Please let me know the correct Procedure to return the budget to the Top Level WBS so that it could be picked up at IM38 and redistributed to some othe Investment Program

Thanks and Regards
Simon Walter

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • Best Answer
    avatar image
    Former Member
    Jun 11, 2012 at 09:57 AM

    First you need to de-release budget at the lowest level A.1and A2. and reduce the total value from the superior WBS that is A in your case. You can do this by changing the values in CJ32.

    Then you may be able to change the budgeted value in WBS.

    Rgds

    Saurabh

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Jun 11, 2012 at 09:58 AM

    Hi Simon,

    Released cannot be returned here.

    You can return unreleased one only.

    Here Max return amount can be 40,000{(60,000-35,000)+(40,000-25,000)}.

    Return using budget return t code or you may reduce budget amount in cj30.

    First one preferred.

    Regards,

    Pranav

    Add comment
    10|10000 characters needed characters exceeded

    • Hi

      I figured it out, we need to release in cj32 the amount for WBS A = $50,000 and for Sub WBS A.1 = $28,000 and WBS A.2 = $22,000 (Which is an equvalent amount utlized in the project).

      Now i need to go in CJ38, and return the amount  WBS A = $50,000 (12000 + 18000) into WBS A.1 = $32,000(60000-28000) and WBS A.2 = $18,000(40000-22000)for $60,000 and $40,000 in CJ30.

      By this way system is allowing to return the budget, Let me know the futher process to return the amount from here to IM38

      Thanks and Regards
      Simon