Project Control - Capital Projects (35F)

Project Control - Capital Projects (35F)

This scenario helps you to manage and control the enterprise wide project related investments. Starting with project creation, it covers project structuring, budgeting, execution, and monitoring, enabling transparency to all project stakeholders. This helps to reduce the risk of budget overruns and project delays.

Special functions can be used for investment projects. Investment projects are used to capture the costs of assets under construction (AuC) during the construction phase. Once the AuC is complete, the final asset is created in the appropriate asset class, and the investment project is set to complete. The next settlement transfers the AuC asset value to the completed asset.

Key Process Steps Covered

  • Predict and capture project costs
  • Assign budget
  • Review milestones
  • Record time, requisitioning, procure services, and post general journal entries
  • Monitor projects
  • Settle assets under creation
  • Technically complete project
  • Create fixed asset and run the final settlement

Benefits

  • Capture planned project costs and allocate budget
  • Leverage machine learning for project costs forecast
  • Integrate to Asset Accounting
  • Gain more transparency into key financial data across projects using advanced graphical reporting options
  • Assign accounts to documents in financials and procurement or external applications to capture actual costs
  • Monitor project-related purchase requisitions and purchase orders
  • Receive live insight into project costs by comparing plan and actual costs as well as commitments

Where is Project Control - Capital Projects(35F) being used?

This Scope item is used in the following way:

  • As a support function of Enterprise Portfolio and Project Management within R&D/Engineering Scope Item Group

Process flow of Project Control - Capital Projects (35F)

Find below the process flow of the scope item Project Control - Capital Projects as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Project Control - Capital Projects (35F) - S/4HANA Cloud
Ref: R&D/Engineering of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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