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

SAP Term: Objectives

• Component: EPM-PCM

• Component Name: SAP BusinessObjects Profitability and Cost Management

• Description: A dimension for sought-after targets or goals.

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• Key Concepts: 
  Objectives in SAP BusinessObjects Profitability and Cost Management (EPM-PCM) are the goals that an organization sets for itself. Objectives can be financial, operational, or strategic in nature and are used to measure the success of a business. Objectives are typically set by senior management and are used to guide the organization's decision-making process. 
  
  How to use it: 
  Objectives in EPM-PCM can be used to measure the performance of an organization against its goals. Objectives can be set at any level of the organization, from individual departments to the entire company. Objectives can also be used to track progress over time and identify areas for improvement. 
  
  Tips & Tricks: 
  When setting objectives, it is important to ensure that they are measurable and achievable. Objectives should also be specific and relevant to the organization's goals. Additionally, objectives should be regularly reviewed and updated as needed to ensure that they remain relevant and achievable. 
  
  Related Information: 
  Objectives in EPM-PCM are closely related to KPIs (Key Performance Indicators). KPIs are metrics used to measure progress towards objectives and provide insight into how well an organization is performing against its goals. Additionally, objectives can be linked to budgets and other financial planning tools in order to ensure that resources are allocated appropriately.