What is project type in SAP PPM-PRO - Project Management?

SAP Term: project type

• Component: PPM-PRO

• Component Name: Project Management

• Description: A means of classification for grouping projects. You can define your own project types. You can also mark projects as test projects. In that case they do not affect the capacity or influence the data in the system.

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• Key Concepts: 
  Project type is a classification of projects in SAP Project and Portfolio Management (PPM-PRO). It is used to group projects according to their purpose, such as research, development, or marketing. Project types are used to define the project's scope, budget, and timeline. 
  
  How to use it: 
  When creating a new project in SAP PPM-PRO, the user must select a project type. This will determine the project's parameters and allow the user to assign resources and tasks accordingly. The project type can be changed at any time during the project's lifecycle. 
  
  Tips & Tricks: 
  It is important to select the correct project type when creating a new project in SAP PPM-PRO. This will ensure that the project is set up correctly and that resources are allocated appropriately. 
  
  Related Information: 
  For more information on project types in SAP PPM-PRO, please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_PPM_PRO/en-US/f9f3d7a8b2c14e6f9a7d3c8b2f5e4d1a.html