What is project monitoring in SAP PPM - Portfolio and Project Management?

SAP Term: project monitoring

• Component: PPM

• Component Name: Portfolio and Project Management

• Description: .

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• Key Concepts: 
  Project monitoring is a feature of SAP Portfolio and Project Management (PPM) that allows users to track the progress of projects. It provides an overview of the project’s status, budget, timeline, and other key metrics. It also allows users to identify potential risks and take corrective action before they become major issues. 
  
  How to use it: 
  Project monitoring in SAP PPM can be used to track the progress of projects. Users can view the project’s timeline, budget, and other key metrics. They can also identify potential risks and take corrective action before they become major issues. The system also provides alerts when tasks are overdue or when there are changes in the project’s status. 
  
  Tips & Tricks: 
  When using project monitoring in SAP PPM, it is important to set up alerts for tasks that are overdue or for changes in the project’s status. This will help ensure that any potential risks are identified and addressed quickly. It is also important to regularly review the project’s timeline, budget, and other key metrics to ensure that the project is on track. 
  
  Related Information: 
  SAP PPM also provides features such as resource management, cost management, and reporting. These features can be used in conjunction with project monitoring to ensure that projects are completed on time and within budget. Additionally, SAP PPM integrates with other SAP products such as SAP ERP and SAP Business Suite to provide a comprehensive view of the entire organization’s projects.