What is reference point in SAP PS - Project System?

SAP Term: reference point

• Component: PS

• Component Name: Project System

• Description: A means of assigning BOM items to network activities using BOM transfer. If the reference point in a BOM item agrees with that in a network activity, this creates a logical connection between them that lets the system assign the BOM item to the activity.

Smart SAP Assistant

• Key Concepts: 
  Reference point is a term used in the SAP Project System (PS) component. It is a point in time that is used to measure the progress of a project. It can be used to compare the actual progress of a project to the planned progress. It can also be used to calculate the costs and revenues associated with a project. 
  
  How to use it: 
  Reference points are set up in the PS component of SAP. They are used to measure the progress of a project and compare it to the planned progress. The reference points can be used to calculate the costs and revenues associated with a project. 
  
  Tips & Tricks: 
  It is important to set up reference points in the PS component of SAP in order to accurately measure and compare the progress of a project. Reference points should be set up at regular intervals throughout the duration of a project in order to get an accurate picture of its progress. 
  
  Related Information: 
  Reference points are closely related to milestones, which are also used in the PS component of SAP. Milestones are specific points in time that mark significant events or achievements in a project. They can be used in conjunction with reference points to measure and compare the progress of a project.