SAP PS (Project System) is a vital module in the SAP ERP system that supports Business project management such as Construction / any Long term project scenarios. S4 HANA, as previously mentioned, is the latest version of SAP’s ERP suite built on the SAP HANA in-memory database platform. 

Here’s an overview of SAP PS in S4 HANA:

SAP PS (Project System) is an integrated project management tool used for planning and managing projects. This SAP module supports the entire project lifecycle from planning to invoicing.

SAP PS offers a large panel of functionalities:

• Project structuring

• Time scheduling

• Cost and Revenue Planning

• Budgeting

• Procurement of materials and services

• Confirmation of project activities

• Billing

• Project Progress Analysis

• Period End Closing

• Reporting