What is standard project in SAP PS - Project System?

SAP Term: standard project

• Component: PS

• Component Name: Project System

• Description: A project structure that can be used as a template for creating new projects.

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• Key Concepts: 
  A standard project is a type of project in the SAP Project System (PS) component. It is used to plan and manage the costs, revenues, and resources associated with a project. It is also used to track the progress of the project and to generate reports. 
  
  How to use it: 
  Standard projects are created in the SAP system using the Project Builder (transaction code CJ20N). The user can define the project's characteristics, such as its start and end dates, budget, and resources. The user can also assign tasks to resources and track their progress. 
  
  Tips & Tricks: 
  When creating a standard project, it is important to define the project's characteristics accurately. This will ensure that the project is properly planned and managed. It is also important to assign tasks to resources in a timely manner so that the project can be completed on schedule. 
  
  Related Information: 
  For more information about standard projects in SAP PS, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SAP_PROJECT_SYSTEM/7.5/en-US).