Project Management (SAP Library - Process Flow Hierarchy)

Project Management

Definition

Project management covers all the functions used to organize and execute a project as it is processed. The Project Management enterprise area comprises the following phases:

Initiating the project

Project planning

Project execution

Project completion

Use

Projects are tasks with the following characteristics:

They are usually complex and unique, and involve a high degree of risk.
They have exact objectives, which are agreed between the sold-to party and the contractor.
They are of limited duration, and are cost and capacity intensive.
They are subject to certain quality requirements.
They have mainly strategic importance for the company that implements them.

Project Management distinguishes between different types of projects, such as customer projects, overhead cost projects, and capital investment projects.

Capital investment projects are described in detail in the documentation on processing complex capital investment measures in the Asset Construction enterprise area.

Both large scale projects, such as the construction of a subway system, and smaller ones, such as organizing a trade fair, require detailed planning of the various activities involved. The person responsible for the project must ensure that the project is executed competently, on time, and within budget. He or she is responsible for providing the resources and funds needed to achieve this.

Projects are usually included in the operational structure of a company. To control the tasks carried out as part of project execution, you require an organizational form that is specific to the project and covers all the departments involved. To implement a project in its entirety, you must both describe the project objectives precisely and structure the project services to be carried out. A clear and unique project structure is a prerequisite for successful project planning, monitoring, and control.

As part of Collaborative Engineering and project management, you can use the Internet to send product structures, project structures, and documents relevant to the development project from the SAP system to selected participants. The participants sent the objects, revised as necessary, or comments back to you. You then check them and adopt them, to the extent desired, in the SAP System.