What is project in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: project

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: An object that contains any number of calculations and their corresponding calculation versions. Using projects, you can group together calculations and calculation versions that have been created for a certain type of product or a customer quotation, for example.

Smart SAP Assistant

• Key Concepts: 
  Projects in SAP PLM-PLC Product Lifecycle Costing are used to manage the cost of a product throughout its lifecycle. Projects are used to track the cost of a product from its conception to its launch and beyond. Projects can be used to track the cost of materials, labor, and other costs associated with the product. 
  
  How to use it: 
  Projects in SAP PLM-PLC Product Lifecycle Costing can be created and managed through the Project Management module. This module allows users to create projects, assign tasks, and track costs associated with each project. The module also allows users to view reports on project progress and costs. 
  
  Tips & Tricks: 
  When creating a project in SAP PLM-PLC Product Lifecycle Costing, it is important to assign tasks to the appropriate personnel. This will ensure that tasks are completed on time and that costs are tracked accurately. Additionally, it is important to review reports regularly to ensure that projects are progressing as expected. 
  
  Related Information: 
  SAP PLM-PLC Product Lifecycle Costing also includes modules for Quality Management, Supplier Relationship Management, and Manufacturing Execution. These modules can be used in conjunction with the Project Management module to ensure that products are developed and launched on time and within budget.