What is root cause analysis in SAP EPM-BPC - Business Planning and Consolidation?

SAP Term: root cause analysis

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: A type of automated performance analysis that identifies variance in data based on the comparison of time periods time-type dimension members, or based on the comparison of categories or versions of data category-type dimension members.

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• Key Concepts: 
  Root cause analysis is a process used to identify the underlying cause of a problem or issue. It is used to identify the root cause of a problem so that it can be addressed and resolved. In SAP EPM-BPC Business Planning and Consolidation, root cause analysis is used to identify the source of errors or discrepancies in financial data. 
  
  How to use it: 
  Root cause analysis in SAP EPM-BPC Business Planning and Consolidation can be used to identify the source of errors or discrepancies in financial data. This can be done by analyzing the data and identifying patterns or trends that could indicate an underlying issue. Once the root cause has been identified, corrective action can be taken to address the issue. 
  
  Tips & Tricks: 
  When performing root cause analysis in SAP EPM-BPC Business Planning and Consolidation, it is important to consider all possible sources of errors or discrepancies. This includes looking at both internal and external factors that could be contributing to the issue. Additionally, it is important to consider both short-term and long-term solutions when addressing the root cause of an issue. 
  
  Related Information: 
  Root cause analysis is a key component of problem solving and decision making in SAP EPM-BPC Business Planning and Consolidation. It is also closely related to other processes such as process improvement, risk management, and quality assurance. Understanding how root cause analysis works can help organizations better identify and address issues in their financial data.