SAP CPM (Commercial Project Management)
Core ConceptsDefinition
SAP Commercial Project Management (CPM) is a solution designed to manage commercial projects efficiently by providing integrative tools for planning, execution, monitoring, and controlling project-related processes.
Detailed Description
SAP CPM addresses the complexities of managing commercial projects across various industries by offering comprehensive, integrated processes and tools. It allows businesses to effectively manage the lifecycle of a project from opportunity to closure, ensuring consistent project delivery while harmonizing financial and operational performance. With functionalities designed to enhance visibility, control, and collaboration, SAP CPM aims to improve project profitability and alignment with overall enterprise strategy.
Key Features
- Financial Planning: Facilitates detailed project budgeting, forecasting, and financial tracking.
- Project Workspace: Provides a central point for managing and collaborating on project information.
- Real-time Analytics: Offers insights through dashboards to monitor project status and KPIs.
- Resource Management: Allows for efficient allocation and utilization of project resources.
- Risk Management: Helps identify, analyze, and mitigate project risks.
Common Modules
Financial Accounting (FI)
Enables effective financial transaction processing and financial reporting for projects.
Materials Management (MM)
Assists in procurement and management of materials required for projects.
Project System (PS)
Supports the management of project-related activities including planning, control, and monitoring.
Popular Implementations
Large-Scale Infrastructure Project
A company used SAP CPM to manage a city infrastructure project, improving cost control and resource allocation, resulting in timely project delivery within budget.