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How to restrict Project Number selection to own Company/BU in Purchase Requisitions?

I have a question regarding the control of project number entry during the Purchase Requisition process.
Currently, we are facing an issue where users can select project numbers belonging to other companies/Business Units. We need to restrict this so that only projects associated with the user's own company (Business Unit) are available for selection.

Could you please answer the following questions?
1.Is there a standard configuration to filter the Project List of Values (LOV) based on the user's Business Unit or Organization?
2.Which specific Data Security Policies should be applied to prevent users from seeing projects that belong to other entities?

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