What is business node in SAP PPM-PFM - Portfolio Management?

SAP Term: business node

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: Set or collection of business data used for a business process or operation. This is used for internal purpose to identify the missing set or collection of business data used for a business process or operation.

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• Key Concepts: 
  A business node is a component of SAP Portfolio and Project Management (PPM-PFM) that allows users to organize their projects into a hierarchical structure. It is used to represent the different levels of a project, such as the overall project, its sub-projects, and individual tasks. Business nodes can also be used to group related projects together for easier management.
  
  How to use it: 
  Business nodes are created in the SAP PPM-PFM system by selecting the “Create Business Node” option from the menu. Once created, users can assign tasks and resources to each node, as well as set up dependencies between nodes. This allows users to easily manage their projects and ensure that tasks are completed in the correct order.
  
  Tips & Tricks: 
  When creating business nodes, it is important to consider how they will be used in the future. For example, if a project is likely to have multiple sub-projects or tasks, it may be beneficial to create multiple business nodes for each level of the project. This will make it easier to manage the project in the future.
  
  Related Information: 
  Business nodes are closely related to other components of SAP PPM-PFM, such as resource management and task management. Understanding how these components work together can help users get the most out of their projects and ensure that they are completed on time and within budget.