Hi Kathy,
It all depends on the collaboration requirements for the projects / processes you have. Some of the functionality you will lose is below:
- Assigned Issues, Risks count on PWA Reminders web part
- Issues, Risks, Documents, Deliverables linking to Tasks / Projects / other Issues/Risks etc
- Project deliverables / project dependencies
- Default list items in Reporting database (ease of portfolio / programme level SSRS / Excel reporting)
- Automatic permission / user synch to Project sites
If you are thinking that you will use project sites in the future, I would create them but not use them.
Thanks
Paul
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http://pwmather.wordpress.com | CPS