What is Controlling element in SAP PS - Project System?

SAP Term: Controlling element

• Component: PS

• Component Name: Project System

• Description: A budget-bearing WBS element. The assigned value is checked against the budget. If a WBS element has no budget, the budget is distributed to the next WBS element up in the project structure that has budget.

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• Key Concepts: 
  Controlling element is a term used in the SAP Project System (PS) component. It is a tool used to plan, monitor, and control projects. It is used to define the structure of a project and to assign costs and revenues to the various elements of the project. The controlling element also helps to track the progress of the project and to identify any potential problems. 
  
  How to use it: 
  The controlling element is used to define the structure of a project. This includes defining the tasks, activities, and resources that are required for the project. The controlling element also helps to assign costs and revenues to each element of the project. This allows for better budgeting and cost control. 
  
  Tips & Tricks: 
  When using the controlling element, it is important to ensure that all tasks, activities, and resources are accurately defined. This will help ensure that all costs and revenues are accurately assigned. Additionally, it is important to regularly monitor the progress of the project in order to identify any potential problems or delays. 
  
  Related Information: 
  The controlling element is part of the SAP Project System (PS) component. Other components of PS include Project Planning, Project Execution, and Project Analysis. Additionally, there are other tools available in SAP that can be used in conjunction with the controlling element such as Cost Planning and Budgeting.