What is status-dependent project version in SAP PS - Project System?

SAP Term: status-dependent project version

• Component: PS

• Component Name: Project System

• Description: A project version dependent on user or system status created by the system if the status of an object changes, for example, an activity.

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• Key Concepts: 
  Status-dependent project version is a feature of the SAP Project System (PS) component that allows users to create multiple versions of a project and assign different statuses to each version. This allows users to keep track of changes made to the project over time and to easily switch between versions. 
  
  How to use it: 
  To use the status-dependent project version feature, users must first create a project in the PS component. Once the project is created, users can create multiple versions of the project and assign different statuses to each version. The statuses can be used to indicate the progress of the project, such as “in progress” or “completed”. Users can then switch between versions by selecting the desired status from a drop-down menu. 
  
  Tips & Tricks: 
  When creating multiple versions of a project, it is important to give each version a descriptive name so that users can easily identify which version they are working on. Additionally, it is important to keep track of which version is the most up-to-date so that users do not accidentally overwrite changes made in an older version. 
  
  Related Information: 
  For more information on using the status-dependent project version feature in SAP PS, please refer to the official SAP documentation.