Hi,
SAP Project Systems supports comprehensive functions for planning, controlling & organizing all activities carried out during the course of a project. It helps you manage your project structures, dates, costs, and resources throughout the entire project lifecycle. Project Systems is management approach which enables users to compare and analyze various projects effectively with a clear and comprehensive integrated methodology in order to ensure an expeditious management decision making. The main advantage of SAP PS is it strong integration with other SAP modules like SD, FICO, MM, PP etc.
Being a PS consultant, I do not think of any disadvantage.
Regards,
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