The life cycle of an investment in an SAP system.

An investment program is a hierarchical structure for managing investments.

Appropriation request (app. req.): an idea for investment.

Planning: cost planning in the appropriation request (there may be a number of variants)
rollup/aggregation of values in the program.
Approval: as a rule, appropriation requests are subject to an approval process (involves a number of
persons); and the measure is then generated from the appropriation request with transfer of
assignments and plan values.
Budgeting: budgeting from the investment program manages the budgets that can be applied to a large
number of individual measures

AR: linking an appropriation request, an internal order, and a WBS element with an investment program
position, you can also link a maintenance order (also known as a PM order) with an investment program
position. This allows you to monitor your (corporate) maintenance costs.

Flow of values in IM

Assigned funds resulting from purchase orders, invoices, in-house activity, and so on, are collected on
the investment measures
Settle the actual values from these assigned funds periodically to receivers in management accounting

Investment Management Business Scenario

An investment program consists of a program definition and a program structure

IM01 - Create Program Definition

AR:
Variants vs Alternatives vs Individual