What is project cycle time in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: project cycle time

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The length of time it takes to complete a project.

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• Key Concepts: 
  Project cycle time is the total amount of time it takes to complete a project from start to finish. It includes the time it takes to plan, execute, and close out the project. In SAP LOD-ESO Sourcing OnDemand, project cycle time is used to measure the efficiency of the sourcing process. 
  
  How to use it: 
  Project cycle time can be used to measure the efficiency of the sourcing process in SAP LOD-ESO Sourcing OnDemand. It is calculated by subtracting the start date of a project from its completion date. This will give you the total amount of time it took to complete the project. 
  
  Tips & Tricks: 
  To reduce project cycle time, it is important to plan ahead and set realistic deadlines. Additionally, it is important to ensure that all stakeholders are on board with the project and that they are aware of their responsibilities. This will help ensure that tasks are completed on time and that the project is completed efficiently. 
  
  Related Information: 
  Project cycle time is an important metric for measuring the efficiency of a sourcing process in SAP LOD-ESO Sourcing OnDemand. It can also be used to compare different projects and identify areas for improvement. Additionally, it can be used to track progress over time and ensure that projects are completed on schedule.