What is assigned value in SAP PS - Project System?

SAP Term: assigned value

• Component: PS

• Component Name: Project System

• Description: The funds for a project. The assigned value is calculated by adding the actual costs, commitments, and residual order plan.

Smart SAP Assistant

• Key Concepts: 
  Assigned value is a term used in the SAP Project System (PS) component. It is a numerical value assigned to an activity or object in the project system. This value is used to measure the progress of the project and to calculate the cost of the project. 
  
  How to use it: 
  The assigned value is used to measure the progress of a project. It is calculated by taking into account the planned costs, actual costs, and any other factors that may affect the progress of the project. The assigned value can be used to compare different projects and to determine which one is more cost-effective. 
  
  Tips & Tricks: 
  When assigning values to activities or objects in the project system, it is important to consider all factors that may affect the progress of the project. This includes any external factors such as changes in market conditions or changes in customer requirements. 
  
  Related Information: 
  The assigned value can be used in conjunction with other metrics such as earned value or actual cost to measure the progress of a project. It can also be used to compare different projects and determine which one is more cost-effective.