What is initiative in SAP EPM-PCM - SAP BusinessObjects Profitability and Cost Management?

SAP Term: initiative

• Component: EPM-PCM

• Component Name: SAP BusinessObjects Profitability and Cost Management

• Description: An action that can be associated with an Objective, to help achieve that Objective.

Smart SAP Assistant

• Key Concepts: 
  Initiative is a feature of SAP BusinessObjects Profitability and Cost Management (EPM-PCM) that allows users to create and manage projects that are related to cost and profitability. It enables users to track the progress of their projects, analyze the impact of changes, and make decisions based on the data. 
  
  How to use it: 
  Initiative can be used to create projects that are related to cost and profitability. It allows users to define project goals, assign tasks, track progress, and analyze the impact of changes. The Initiative feature also provides users with the ability to create reports and dashboards that can be used to monitor project performance. 
  
  Tips & Tricks: 
  When creating an Initiative project, it is important to set clear goals and objectives for the project. This will help ensure that the project is successful and that all stakeholders are on the same page. Additionally, it is important to track progress regularly in order to ensure that the project is on track. 
  
  Related Information: 
  For more information about SAP BusinessObjects Profitability and Cost Management (EPM-PCM), please visit the SAP website at https://www.sap.com/products/epm-pcm.html. Additionally, there are a number of online resources available that provide tutorials and tips for using Initiative.