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SAP PS Online Training
Magnific Online Training offers the SAP PS Online Course:
What is SAP-Project System?
Project System is a Project management tool from SAP. Which has a very good integration with the other modules of SAP like FI, CO, MM, SD, PP, HR, DMS. This module basically co-ordinates and controls all the phases of a project, in direct co-ordination with purchasing and controlling, from quotation to design and approval, to resource management and cost settlement.
Also beside the integration with the SAP module this Project system also has an integration with the third party popular Project management tools like Microsoft Projects and Primavera.
What is Project Definition?
Project definition is a binding framework in SAP for all organizational element created within a project (e.g. WBS and Networks). Data like company code, plant and person responsible can be defaulted into WBS if initially entered in the project definition. Such data can also be defaulted into the project definition via project profile which will then default it to subsequent WBS.
What is WBS?
A Work Breakdown Structure (WBS) is a model of a project, and shows the project activities to be fulfilled in hierarchical form. It forms the operative basis for planning costs, revenues, and payments, as well as for scheduling, and budgeting. It also shows the responsibility.
One definition from the Project Management Institute is as follows:
The Work Breakdown Structure (WBS) is a key planning tool used to define a project in terms of its deliverables while providing a method for breaking these deliverables into meaningful work efforts.
It is the functional basis for further planning steps in a project, for example, for process planning, cost planning, scheduling, capacity planning or costing, as well as project control.
It provides a clear picture of the project and facilitates the coordination and implementation of the project from a management standpoint.
It shows the work involved in a project.
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