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Project Summarization Using Classification 
Use
With summarization, you can summarize transaction data in a controlling area according to different views. You can access this data in the information system, thereby improving information system performance.
In this way, you can, for example, combine and evaluate the costs for all the projects for a:
The data is summarized using hierarchy structures you define yourself. In the CO System, project summarization is realized via the SAP classification system.
For information on classification, read the documents MM - Classification and MM - Characteristics.

Support for summarization by classification is likely to be withdrawn in the medium-term. Use summarization using master data characteristics instead. Projects activated for summarization using classification can be converted to classification using master data fields by means of program RCJCLMIG which you run in the Project System IMG. For more information, go to the Project System IMG and choose Information System ® Responsibility Accounting.
Features
Project summarization includes the following functions:
