PS OverviewIn any kind of Business, everything can be considered as a Project. The Degree of complexity, Functionality makes difference in choosing SAP PS. SAP PS Module is where you can manage your projects, large and small, including Make to order, Plant shut downs (as a project), Third party billing (on the back of a project)SAP PS can build in depth structure, Integration, and complexity handling capabilities.SAP PS is repository for Planning, collecting, and generating costs and revenue via a structure that truly represents what activities we are doing over a period of time Project System provides tools to track project milestone, costs and resources. SAP's Project System module contains tight integration to the Controlling, Human Resources, and Logistics modules. It utilizes personnel records from HR, rolls costs into Controlling and links to materials or customers in the Logistics modules.Two key objects that define the Project in SAP are: Work Breakdown Structure - defines tasks and assign resources to those tasks Network - defines the dependencies within the Work Breakdown Structure (WBS)Common processes in Project System include: Tracking costs against WBS elements. These costs can either be from personnel time charged against the project or from materials and/or services procured to support the project. Tracking milestones against key dates defined in the project.In a nutshell, Project systems will DEFINE project specifications, DEVELOP the structure, PLAN for cost , time, revenue, BUDGET the project, EXECUTE the project by releasing the project and confirming actuals, EVALUATE the earned values and reporting to other objects, and finally SETTLE AND CLOSE