Component of HR Funds and Position Management where the personnel expenditure budget can be planned and executed.

The Overall Budget component in HR Funds and Position Management helps you to plan and execute your personnel budget. It enables you to budget your personnel expenditure, and monitor your budget funds. It also enables you to see whether or not budgeting regulations are adhered to.

An overall budget is the budget hierarchy and the various objects contained within this hierarchy. In HR Funds and Position Management, the objects in a budget hierarchy are referred to as budget structure elements.

You can allocate budgets (funds) to these budget structure elements so that they can be used for financing persons or positions. The basic structure of the overall budget is generated in the R/3 Funds Management component and copied. You can then break down this structure further by creating budget structure elements for personnel expenditures. The monetary budgets for personnel expenditure generated in Funds Management are binding for HR Funds and Position Management.

You can also define additional information for the budget structure elements (e.g. who is responsible for the budget, an external budget number, or a plain text description).

Once you have released the overall budget, you can start to execute it. An important part of this process involves allocating the budgets of the individual budget structure elements for the purpose of financing persons. If you have defined an organizational structure, you can also finance persons via the positions that they hold.