What is project financial summary in SAP PS - Project System?

SAP Term: project financial summary

• Component: PS

• Component Name: Project System

• Description: An abstract of various costs and budget associated with a project.

Smart SAP Assistant

• Key Concepts: 
  Project Financial Summary is a feature of the SAP Project System (PS) component. It provides an overview of the financial status of a project, including budget, actual costs, and commitments. It also provides a comparison of the planned and actual costs for each project element. 
  
  How to use it: 
  Project Financial Summary can be accessed from the SAP Easy Access menu. From there, select the “Project System” tab and then “Project Financial Summary”. This will open a window with all the relevant information about the project’s financial status. 
  
  Tips & Tricks: 
  When viewing the Project Financial Summary, it is important to pay attention to the “Variance” column. This column shows the difference between the planned and actual costs for each project element. If there is a large variance, it may indicate that there are potential problems with the project’s budget or timeline. 
  
  Related Information: 
  For more information on Project Financial Summary, please refer to SAP Help documentation or contact your local SAP support team.