What is project in SAP PPM-PFM - Portfolio Management?

SAP Term: project

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: A set of interrelated tasks and subtasks that define an initiative. The tasks and subtasks in a project are synonymous with network activities and work breakdown structure WBS elements.

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• Key Concepts: 
  Projects in SAP Portfolio and Project Management (PPM-PFM) are used to plan, manage, and track the progress of a project. Projects are typically composed of multiple tasks and activities that need to be completed in order to achieve the desired outcome. Projects can be created from scratch or based on existing templates. 
  
  How to use it: 
  To create a project in SAP PPM-PFM, users must first define the project’s scope, objectives, timeline, and budget. Once these parameters have been established, users can then create tasks and assign resources to them. As the project progresses, users can track its progress and make adjustments as needed. 
  
  Tips & Tricks: 
  When creating a project in SAP PPM-PFM, it is important to ensure that all tasks are properly defined and assigned to the right resources. Additionally, it is important to regularly review the project’s progress and make adjustments as needed. 
  
  Related Information: 
  For more information on creating projects in SAP PPM-PFM, please refer to the official SAP documentation. Additionally, there are many online tutorials available that provide step-by-step instructions on how to use SAP PPM-PFM for project management.