What is 'order commitments' in SAP PS - Project System?

order commitments - Overview

• Component: PS

• Component Name: Project System

• Description: An unassigned plan values for all orders for the project that have been released.

order commitments - Details

• 
  Key Concepts: 
  Order commitments are a feature of the SAP Project System (PS) component. They are used to document the commitment of an external vendor to deliver goods or services to a customer. The order commitment is created in the system and is linked to a project, which allows for tracking of the order and its progress. 
  
  How to use it: 
  Order commitments can be created in the system by entering the details of the vendor, the customer, and the goods or services being provided. The order commitment is then linked to a project, which allows for tracking of the order and its progress. The order commitment can also be used to generate invoices for payment. 
  
  Tips & Tricks: 
  When creating an order commitment, it is important to ensure that all relevant information is entered accurately. This will ensure that the order commitment is properly linked to the project and that invoices can be generated correctly. 
  
  Related Information: 
  Order commitments are closely related to other features of the SAP Project System, such as project planning and budgeting. It is important to understand how these features work together in order to effectively manage projects in SAP.