Project System is one of SAP's most important modules for managing projects and portfolios. It aids in the management of the project life cycle, from structure to planning, execution, and completion. Other SAP modules such as logistics, inventory control, trading and marketing, operations and maintenance, and production scheduling are tightly connected with the project system.
It helps businesses to manage all SAP projects, both large and small, easily. The responsibility of a project manager's is to make sure that these projects are completed on time and within budget and that resources are allocated to them appropriately.
The following components are intimately connected with the SAP PS system:
Projects can be categorised into the following categories based on their budget:
You may also categorise projects based on a list of activities and the project's structure or based on specific activities.
Each procedure in Project System contains a set of tasks that must be completed. In the Project Lifecycle, these tasks are referred to as process flow. A project is established when a request is received, and it must go through the following phases in the project process flow/lifecycle.
The major phases in the project process flow are as follows:
An organisational structure comprises several elements that must be constructed as part of the project's framework. Since the Project System lacks its organisational structure, we must map it to the enterprise structure by allocating administrative aspects to various ERP R/3 modules. These organisational aspects enable the Project system to keep and obtain data appropriately.
Work breakdown structure (WBS), networks, activities, and orders are all defined in one controlling area with this currency type. Currency in a project system is uniform since the same controlling area is used.
It is possible to allocate any item currency to different system objects in Project System.