What is project definition in SAP PS - Project System?

SAP Term: project definition

• Component: PS

• Component Name: Project System

• Description: A framework for a business undertaking with a fixed goal to achieve with given resources. The project definition contains dates and organizational information that are binding for the entire project.

Smart SAP Assistant

• Key Concepts: 
  Project definition in SAP Project System (PS) is the process of creating a project in the system. It involves defining the project’s goals, objectives, and scope, as well as assigning resources and setting up a timeline. The project definition also includes setting up the budget and cost structure for the project. 
  
  How to use it: 
  To define a project in SAP PS, first create a project definition record. This record contains all the information about the project, such as its name, description, and start and end dates. Then assign resources to the project, such as personnel and materials. Finally, set up a budget and cost structure for the project. 
  
  Tips & Tricks: 
  When creating a project definition record, make sure to include all relevant information about the project. This will help ensure that all stakeholders have access to the same information about the project. Additionally, it is important to review the budget and cost structure regularly to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  For more information on how to use SAP PS for project definition, refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials available that provide step-by-step instructions on how to use SAP PS for project definition.