What is project structure in SAP PS - Project System?

SAP Term: project structure

• Component: PS

• Component Name: Project System

• Description: The significant relationships between elements in a project.

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• Key Concepts: 
  Project structure in SAP is a hierarchical structure that is used to organize and manage projects. It is used to define the project's scope, budget, and timeline. It also helps to identify the resources needed for the project and to track progress. The project structure consists of a project definition, which includes the project's goals, objectives, and tasks; a project plan, which outlines the timeline and budget; and a resource plan, which identifies the resources needed for the project. 
  
  How to use it: 
  In SAP, the project structure is created by defining a project definition, a project plan, and a resource plan. The project definition defines the goals, objectives, and tasks of the project. The project plan outlines the timeline and budget for the project. The resource plan identifies the resources needed for the project. Once these elements are defined, they can be used to track progress and manage resources. 
  
  Tips & Tricks: 
  When creating a project structure in SAP, it is important to ensure that all elements are properly defined. This will help ensure that all resources are properly allocated and that progress can be tracked accurately. Additionally, it is important to review the project structure regularly to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  The SAP Project System (PS) component provides tools for managing projects in SAP. It includes features such as cost planning, resource management, and reporting. Additionally, it provides tools for tracking progress and managing resources.