- [Instructor] SAP Project System abbreviated PS
is SAP's integrated project management tool.
SAP Project System enables companies
to manage all projects, large or small scale
throughout their life cycle.
This includes project planning, execution and completion.
The project system module supports
projects that are financed internally and externally.
Internally financed projects are projects related
to capital investments or overhead cost projects.
And these projects are funded by the companies themselves.
On the other hand, there are externally financed projects.
These are the projects which are sponsored
by clients and are executed to meet client requirements.
The key component of SAP Project System
is the work breakdown structure called WBS.
WBS forms the basis for organization
and coordination in a project.
It shows the amount of work required,
how much time each segment of the project will take,
and the costs involved.
They act as buckets where costs and work can be assigned
and then rolled up into a larger project.
Once work breakdown is calculated,
we're able to accurately begin process planning,
cost planning, scheduling, and date and capacity planning.
Let's take a look at a small piece
of the project system module.
Over in our test system we're viewing the assignment tab
of the project builder
for a work breakdown structure element.
In this case, it's number 41.
The assignments of this element
have designated some organization data
including the controlling area A000, company code 1710
and the plant, which is also 1710.
SAP Project System is a powerful project management tool
that manages a project's entire life cycle.