What is approval status in SAP PPM-PRO - Project Management?

SAP Term: approval status

• Component: PPM-PRO

• Component Name: Project Management

• Description: .

Smart SAP Assistant

• Key Concepts: 
  Approval status is a feature in SAP PPM-PRO Project Management that allows users to track the progress of a project. It is used to indicate the current status of a project, such as whether it has been approved, rejected, or is still pending. It also provides an overview of the project's progress and helps to ensure that all stakeholders are kept informed.
  
  How to use it: 
  To use the approval status feature in SAP PPM-PRO Project Management, users must first create a project and assign it an approval status. This can be done by selecting the “Approval Status” option from the project’s menu. Once selected, users can then choose from one of the available statuses, such as “Approved”, “Rejected”, or “Pending”. The status can then be changed as needed throughout the life of the project.
  
  Tips & Tricks: 
  It is important to keep the approval status up-to-date in order to ensure that all stakeholders are kept informed of the project’s progress. Additionally, it is recommended that users set up notifications for when the approval status changes so that they can be alerted when a change occurs.
  
  Related Information: 
  The approval status feature in SAP PPM-PRO Project Management is closely related to other features such as project milestones and task tracking. These features can be used together to provide an overview of a project’s progress and ensure that all stakeholders are kept informed.