SAP PS is a part of SAP’s project management solution, one of the most stable SAP modules. From setting up the structure to detailed plan creation and defining activities, all the way through resource allocation executing and completing the project – it helps companies manage a project through its entire lifecycle. The system is extremely flexible, making it fairly common among the companies that already operate with SAP.
MAJOR IMPORTANCE OF PROJECT SYSTEM
- Easy integrations with other systems
- Monitoring of cash flow
- Imbedded standardized tasks
- High level of data integrity
- Complies with many corporate security policies
- Billing process and fulfilment of several accounting requirements
- Reporting of project performance including the ability to get down to the lowest level of transactions.
- Real-time integration of enterprise transactions related to resources, costs and materials.
- Extensive range of features that add value to many imbedded business processes, including cross-application time-sheets (CTAS) and BOM-PS interface.