What is runtime in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: runtime

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Validity period of a license sales contract.

Smart SAP Assistant

• Key Concepts: 
  Runtime is a term used in SAP CRM-IM-IPM Intellectual Property Management to refer to the time period during which a particular process or task is running. It is the period of time between when a process or task is initiated and when it is completed. 
  
  How to use it: 
  Runtime can be used to measure the performance of a process or task. It can also be used to determine how long a process or task takes to complete. This information can be used to optimize processes and tasks, as well as identify areas for improvement. 
  
  Tips & Tricks: 
  When measuring runtime, it is important to consider the complexity of the process or task being measured. Complex processes and tasks may take longer to complete than simpler ones, so it is important to take this into account when measuring runtime. 
  
  Related Information: 
  Runtime can also be used in conjunction with other metrics, such as throughput and latency, to gain a better understanding of the performance of a process or task. Additionally, runtime can be used in conjunction with other metrics, such as cost and resource utilization, to gain insight into the efficiency of a process or task.