SAP PS (SAP Project System) || 15. Budgeting
This video is part of SAP PS (SAP Project System) series. We recommend you to go through playlist for better sequential understanding of the subject.
Full form or SAP PS stands for (Project Systems), along with offering constant monitoring and effective solutions for covering the functional as well as technical aspects of various ongoing projects of an organization; serves as a useful tool for execution, management, budgeting, planning, services and other sales processes. For efficient working of an organization, it is important for a Project Manager to plan the many activities of an enterprise in an accurate manner. SAP PS is a time bound repository of structures linked to a project and is useful for tracking the functions of planning, collection and generation of costs and revenue.
Projects have to be executed within the specified budgets and in proper time - so that the company’s the management can keep track of the resources, budgets and project milestones achieved. The automated components of SAP PS goes a long way in facilitating the management of an enterprise’s project across its lifecycle - from devising detailed plans to setting the framework and executing plans for the completion of the project.
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