You store a budget profile in the project definition. This profile contains the control parameters for budgeting. In Customizing specify the following under Project System -> Costs -> Budget -> Specify Default Budget Profile For Project Definitions:

• The period of time during which budgeting is allowed
• Whether budgeting is allowed for total annual values, and/or annual values

• In Customizing under Project System -> Costs ® Budget ® Maintain Budget Profile as a default value
• In the profile data of a standard project definition in the application under Project System -> Basic Data -> Project -> Speical Maintenance Functions -> Work Breakdown Structure -Y Project Definition -> Create -> Control Tab Page -> Group Box for Accounting -> Budget Profile.

In the profile data of a project definition in Customizing, under Project System -> Structures -> Operative Structures -> Work Breakdown Structure -> Create Project Profile.

• .
• Status

You can allocate budget after the status Created has been reached. If you want to prohibit budget allocation in the Created status, you need to define a user status.

For more information on status management in the project system, and how to create a user status, see Status Management