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

SAP Term: project administration

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: Function in the administrator role for managing projects. Project administration enables you to perform activities such as deleting projects.

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• Key Concepts: 
  Project administration is a component of SAP Portfolio and Project Management (PPM-PFM). It is used to manage the entire lifecycle of a project, from planning and budgeting to execution and closure. It provides a comprehensive view of all projects, enabling users to make informed decisions about resource allocation and project progress.
  
  How to use it: 
  Project administration in SAP PPM-PFM allows users to create and manage projects, assign resources, track progress, and monitor budgets. It also provides tools for reporting and analysis, allowing users to gain insights into project performance.
  
  Tips & Tricks: 
  When creating a project in SAP PPM-PFM, it is important to ensure that all relevant information is included. This includes the project name, description, budget, timeline, and resources. Additionally, it is important to set up the project correctly in order to ensure accurate tracking of progress and budgeting.
  
  Related Information: 
  SAP PPM-PFM also includes other components such as resource management, portfolio management, and analytics. These components can be used in conjunction with project administration to gain a comprehensive view of projects and resources.