Managing long, complex, and high-risk projects can be daunting for many businesses. Without proper planning and execution, these projects can quickly become a nightmare, resulting in cost overruns, missed deadlines, and poor outcomes. One such company that faced this challenge was India's leading railway infrastructure provider, catering to multiple long-ageing projects. However, with limited resources, multiple stakeholders, and a high degree of risk, managing these projects took time and effort.
How to effectively manage long-aged projects in a business scenario where projects are complex, unique, and involve high risks?
About SAP-PS (Project system):
So, what exactly SAP-PS (Project system) is for? SAP PS, or SAP Project System, is a module of the SAP ERP system designed to help manage complex projects. It provides tools for planning, executing, and monitoring projects and tracking costs and resources. SAP PS is a crucial software for project management as it allows for a centralised platform for collaboration, real-time communication, project planning, and scheduling. It also includes tools for tracking project costs and resources, allowing for better management of budgets and avoiding overspending. SAP-PS, an integral component of SAP's Project and Portfolio Management solution, offers comprehensive project management support throughout the entire project life cycle, from project initiation and planning to project execution and closure, while providing seamless integration with other SAP modules and external project management tools.
Project Systems solution for varied project scenarios - Where to Use?
PS is used in projects which are:
With a high degree of risk,
Timebound - with stringent deadlines,
Cost and capacity intensive
Externally financed - Customer projects