What is statistical project in SAP PS-FIO - Fiori UI for Project System?

SAP Term: statistical project

• Component: PS-FIO

• Component Name: Fiori UI for Project System

• Description: One of the project profiles available in the project financial control process in the SAP S/4HANA Cloud. Used for planning and monitoring purposes in the project financial control process. Statistical WBS elements cannot be settled or carry overheads.

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• Key Concepts: 
  A statistical project is a type of project in SAP Project System (PS) that is used to track and manage the costs and revenues of a project. It is used to analyze the profitability of a project and to compare the actual costs and revenues with the planned ones. The PS-FIO Fiori UI for Project System is a user interface that allows users to access and manage their statistical projects in SAP. 
  
  How to use it: 
  To use the PS-FIO Fiori UI for Project System, users must first log into their SAP system. Once logged in, they can access the PS-FIO Fiori UI by navigating to the “Projects” tab in the main menu. From there, they can select “Statistical Projects” from the drop-down menu. This will open up a list of all of their statistical projects, which they can then select to view and manage. 
  
  Tips & Tricks: 
  When managing statistical projects in SAP, it is important to keep track of all changes made to the project. This can be done by using the “Change Log” feature, which allows users to view all changes made to the project over time. Additionally, users should take advantage of the “Project Overview” feature, which provides an overview of all aspects of the project, including costs, revenues, and profitability. 
  
  Related Information: 
  For more information on how to use the PS-FIO Fiori UI for Project System, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/SAP_PROJECT_SYSTEM/731/en-US