What is processing status in SAP PPM-FIO - Fiori UI for Portfolio and Project Management?

SAP Term: processing status

• Component: PPM-FIO

• Component Name: Fiori UI for Portfolio and Project Management

• Description: Attribute which indicates the stage that a project or work package has reached within its lifecycle. The processing status controls which processing steps are allowed for a project or work package.

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• Key Concepts: 
  Processing status is a feature in the Fiori UI for Portfolio and Project Management (PPM-FIO) component of SAP. It is used to track the progress of a project or portfolio item, and can be used to determine when a project or item is ready to be released. The processing status is represented by a number, which can range from 0 (not started) to 5 (completed). 
  
  How to use it: 
  To use the processing status feature, first select the project or portfolio item you wish to track. Then, select the “Processing Status” tab in the Fiori UI. This will display the current processing status of the item, as well as any changes that have been made. To change the processing status, simply select the desired number from the drop-down menu. 
  
  Tips & Tricks: 
  When using the processing status feature, it is important to remember that it is only an indicator of progress and not an exact measure of completion. Therefore, it is important to also use other methods such as task lists and timelines to ensure that all tasks are completed before releasing a project or portfolio item. 
  
  Related Information: 
  For more information on using the processing status feature in SAP PPM-FIO, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.