What is standard project definition in SAP PS - Project System?

SAP Term: standard project definition

• Component: PS

• Component Name: Project System

• Description: The standard project definition is the binding framework for all objects created in a standard project. The standard project definition has data that is binding for the entire standard project, such as organization data.

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• Key Concepts: 
  Standard project definition is a feature of the SAP Project System (PS) component. It allows users to create a template for a project, which can then be used to quickly create new projects with the same structure and settings. This template can include project elements such as activities, networks, and WBS elements. 
  
  How to use it: 
  To use the standard project definition feature, users must first create a template for their project. This template can be created from scratch or based on an existing project. Once the template is created, it can be used to quickly create new projects with the same structure and settings. 
  
  Tips & Tricks: 
  When creating a standard project definition template, it is important to consider which elements should be included in the template. For example, if the same activities are used in multiple projects, they should be included in the template. Additionally, users should consider which settings should be included in the template, such as cost and revenue settings. 
  
  Related Information: 
  For more information on standard project definition in SAP PS, please refer to the official SAP documentation: https://help.sap.com/viewer/product/PROJECT_SYSTEM/100/en-US