Process Overview: Project Control- Research and Development Projects (35E)
R&D projects refers to the work a business conducts towards the innovation, introduction and improvement of its products and processes. These projects differs from the vast majority of corporate activities in that they are not intended to yield immediate profit, and generally carry greater risk and an uncertain return on investment.
The Project Control- Research and Development Projects (35E) scope item describes a project where the research and development activities related to the design of a new product are managed. Therefore, it supports the product development process by managing the related project costs, milestones, budgets, and approvals. After releasing all or part of the project, the project is executed, and project-related purchasing can be performed. Through the integration with SAP Intelligent Product Design, you can leverage advanced collaboration scenarios for project execution. Period-end closing activities such as overhead application or settlement can then be executed.
Benefits
This process helps you to do the following:
Capture planned project costs and allocate budget.
Leverage machine learning for project costs forecast.
Assign accounts to documents in financials and procurement or external applications to capture actual costs.
Monitor project-related purchase requisitions and purchase orders.
Receive live insight into project costs by comparing plan and actual costs as well as commitments.
Integrate to PLM objects for product engineering.
Key Process Steps Covered
Inform project manager.
Describe project.
Predict project costs.
Upload planned costs.
Review project.
Approve project.
Assign project budget.
Release project.
Create collaboration.
Collaborate on product requirements.
Define functional model.
Update project status.
Attach design document to project.
Approve concept.
Complete milestone: concept review and approval.
Create task to work on the detailed design.
Create engineering BOM.
Embed software in the product.
Define software compatibility.
Set task as completed.
Update project status.
Review project.
Approve design.
Complete milestone: final design review and approval.
Create workflow to build the prototype.
Collaborate on product prototype.
Time recording.
Requisitioning.
Post general journal entries.
Monitor project.
Complete the product prototype.
Update project status.
Review project.
Approve milestone: prototype testing.
Complete milestone: prototype testing.
Handover of engineering BOM to manufacturing.
Allocate overheads.
Update settlement rules.
Settle project.
Complete milestone: prototype testing.
Handover of engineering BOM to manufacturing.
Allocate overheads.
Update settlement rules.
Settle project.
