What is 'cascaded initiative' in SAP EPM-SM - Strategy Management?

cascaded initiative - Overview

• Component: EPM-SM

• Component Name: Strategy Management

• Description: An objective that is related and linked to initiatives in children contexts.

cascaded initiative - Details

• 
  Key Concepts: 
  Cascaded initiative is a feature of SAP EPM-SM Strategy Management that allows users to break down their strategic objectives into smaller, more manageable initiatives. This allows users to better track and monitor progress towards their goals. It also allows users to assign resources and responsibilities to each initiative, making it easier to manage the overall strategy.
  
  How to use it: 
  To use cascaded initiative, users must first define their strategic objectives. Once these objectives have been defined, users can then create initiatives that are linked to the objectives. Each initiative can be assigned resources and responsibilities, and progress can be tracked and monitored.
  
  Tips & Tricks: 
  When creating initiatives, it is important to ensure that they are linked to the overall strategic objectives. This will help ensure that all initiatives are working towards the same goal. It is also important to assign resources and responsibilities to each initiative, as this will help ensure that progress is being made towards the overall strategy.
  
  Related Information: 
  For more information on cascaded initiative in SAP EPM-SM Strategy Management, please refer to the official SAP documentation.