What is schedule status in SAP PPM-PFM - Portfolio Management?

SAP Term: schedule status

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: An indicator of the current schedule performance, computed as planned schedule versus performance against plan. To derive the schedule status, the system aggregates the effort person days associated with all tasks and compares it with the percent complete to date. The indicator value is determined by comparing the performance to predefined thresholds. &EXAMPLE& The thresholds are: Red = lateness is > 20% Yellow = lateness is 10-19% Green = lateness is <10% The current schedule performance is 21% late In this case, the indicator shows red.

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• Key Concepts: 
  Schedule Status is a feature in SAP Portfolio and Project Management (PPM-PFM) that allows users to track the progress of their projects. It provides an overview of the project’s timeline, tasks, and milestones, as well as the status of each task. The Schedule Status feature also allows users to set up alerts for when tasks are overdue or completed. 
  
  How to use it: 
  To use the Schedule Status feature, users must first create a project in SAP PPM-PFM. Once the project is created, users can add tasks and milestones to the project timeline. They can then assign a status to each task, such as “In Progress” or “Completed”. Users can also set up alerts for when tasks are overdue or completed. 
  
  Tips & Tricks: 
  When setting up alerts for tasks in Schedule Status, it is important to set realistic deadlines for each task. This will help ensure that tasks are completed on time and that the project timeline is not disrupted. Additionally, it is important to regularly check the status of tasks in Schedule Status to ensure that they are progressing as expected. 
  
  Related Information: 
  For more information on using Schedule Status in SAP PPM-PFM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PORTFOLIO_AND_PROJECT_MANAGEMENT/7.5/en-US