What is service type catalog in SAP PA-PM - Budget Management?

SAP Term: service type catalog

• Component: PA-PM

• Component Name: Budget Management

• Description: A summary of service types in an area. &EXAMPLE& A service type catalog for hospital or home.

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• Key Concepts: 
  Service type catalog is a component of the SAP Project System (PS) module. It is used to define and manage the different types of services that can be provided by a company. The service type catalog contains information about the services, such as the cost, duration, and other details. It also allows users to create and manage service contracts. 
  
  How to use it: 
  The service type catalog is used to define and manage the different types of services that can be provided by a company. It contains information about the services, such as the cost, duration, and other details. Users can create and manage service contracts in the service type catalog. The service type catalog is also used in conjunction with the PA-PM Budget Management component of SAP PS to track and manage budgets for projects. 
  
  Tips & Tricks: 
  When creating a service contract in the service type catalog, it is important to ensure that all relevant information is included. This includes the cost, duration, and any other details that are necessary for the contract. Additionally, it is important to ensure that all budget information is accurately tracked in the PA-PM Budget Management component of SAP PS. 
  
  Related Information: 
  For more information on the service type catalog and how to use it, please refer to SAP's official documentation on the topic: https://help.sap.com/viewer/product/SAP_PROJECT_SYSTEM/731/en-US