SAP ERP Corporate Services provides robust project and portfolio management functionality that enables portfolio managers to better identify, select, prioritize, and manage your organization's projects, including enterprise IT projects, service projects, and research and development projects. In addition, the solution provides a powerful and easy-to-use project management application.

SAP ERP Corporate Services supports the following project and portfolio management processes:

• Strategic portfolio management – View your entire business as a portfolio of assets, resources, and project investments, so you have the information and tools to manage that portfolio for maximum return.
• Project planning – Set up project structures based on templates, define the project team, plan budgets, and schedule project tasks.
• Resource and time management – Plan the necessary quantitative and qualitative resource demand for a project, and staff project roles with suitable employees from your enterprise. Project team members can record their efforts on the project.
• Project execution – Monitor the details of both large and small projects, ensuring that projects are executed efficiently, on time, and within budget. Project team members can execute on a planned project with collaborative tasks and confirm their work.
• Project accounting – Plan, budget, and monitor the costs and revenues of a project. Key performance metrics on budgets, schedules, and staffing provide a centralized view of project performance and at-risk elements.