What is what-if analysis in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: what-if analysis

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: A type of simulation to facilitate decision-making by simulating various possible outcomes, or scenarios, using different inputs.

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• Key Concepts:
  What-if analysis is a feature of SAP Spend Performance Management (EPM-SA) that allows users to simulate different scenarios and analyze the potential outcomes. It enables users to make informed decisions by predicting the impact of changes in their spending and budgeting processes.
  
  How to use it:
  To use what-if analysis, users must first define the parameters of their scenario. This includes setting up the budget, defining the variables, and selecting the desired outcome. Once these parameters are set, users can run simulations to see how different scenarios would affect their budget and spending.
  
  Tips & Tricks:
  When using what-if analysis, it is important to remember that the results are only as accurate as the data used. Make sure to use accurate and up-to-date data when running simulations. Additionally, it is important to consider all possible scenarios when running simulations. This will help ensure that all potential outcomes are taken into account.
  
  Related Information:
  What-if analysis is a powerful tool for making informed decisions about budgeting and spending. It can also be used in other areas such as forecasting, resource planning, and risk management. For more information on what-if analysis, please refer to SAP's documentation on EPM-SA Spend Performance Management.