S/4 HANA FPS - What does FPS stand for ?

FPS stands for Feature Pack Stack  

Example: S/4HANA, on premise edition (1511 FPS 2)

For the product SAP S/4HANA on premise edition, SAP is shipping 1 new key release per year, and 3 successive Feature Pack Stacks (FPS) on a quarterly basis. Then comes the next key release, followed by 3 Feature Pack Stacks, etc.

Technically speaking, an FPS is similar to an SPS(Support Pak Stack), but it may include non-disruptive, non-mandatory features.

Additional Info:
Here concretely for the current on-premise product:

SAP S/4HANA, on premise edition 1511 (shipped in November 2015)
Then SAP S/4HANA, on premise edition 1511 FPS01 (shipped in February 2016)
Then SAP S/4HANA, on premise edition 1511 FPS02 (planned in Q2 2016)
Then SAP S/4HANA, on premise edition 1511 FPS03 (planned in Q3 2016)




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