What is measurement technique in SAP PS - Project System?

SAP Term: measurement technique

• Component: PS

• Component Name: Project System

• Description: A procedure used to determine the percentage of completion in progress analysis. Measurement techniques include: Start-finish rule Milestone technique Degree of processing Estimation Time proportionality Secondary proportionality Measurment techniques are fixed by the SAP system.

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• Key Concepts: 
  Measurement technique is a feature of the SAP Project System (PS) component that allows users to measure the progress of a project. It enables users to track the progress of a project in terms of cost, time, and quantity. This feature also allows users to compare the actual progress of a project with the planned progress. 
  
  How to use it: 
  To use the measurement technique feature, users must first define the project structure and enter the planned values for cost, time, and quantity. Then, users can enter actual values for each element of the project structure. The system will then compare the actual values with the planned values and calculate the progress of the project. 
  
  Tips & Tricks: 
  When using measurement technique, it is important to ensure that all planned values are entered accurately. This will ensure that the system can accurately compare actual values with planned values and calculate the progress of the project accurately. 
  
  Related Information: 
  The measurement technique feature is closely related to other features of SAP Project System such as budgeting, scheduling, and resource planning. These features can be used in conjunction with measurement technique to ensure that projects are completed on time and within budget.