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

SAP Term: status analysis

• Component: EPM-BPC

• Component Name: Business Planning and Consolidation

• Description: A type of automated performance analysis that compares two data values for example, the values for two different time periods against the customer-defined performance index of a KPI, then determines the variance. Typically, a status of red represents a higher or lower than normal variance, and a status of green indicates a normal variance.

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• Key Concepts: 
  Status analysis is a feature of the SAP EPM-BPC Business Planning and Consolidation (BPC) component that allows users to compare actual data to planned data. This comparison helps users to identify variances between the two sets of data and take corrective action if needed. The status analysis feature also allows users to track the progress of their plans over time. 
  
  How to use it: 
  To use the status analysis feature, users must first create a plan in BPC. Once the plan is created, users can enter actual data into BPC and compare it to the planned data. The status analysis feature will then generate a report that shows the differences between the two sets of data. This report can be used to identify any variances and take corrective action if needed. 
  
  Tips & Tricks: 
  When using the status analysis feature, it is important to ensure that the planned and actual data are entered correctly. This will ensure that the report generated by the status analysis feature is accurate and useful. Additionally, it is important to regularly review the status analysis report in order to track progress and take corrective action if needed. 
  
  Related Information: 
  For more information on using the status analysis feature in SAP EPM-BPC Business Planning and Consolidation, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on using this feature.