What is cascaded scorecard in SAP EPM-SM - Strategy Management?

SAP Term: cascaded scorecard

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A scorecard that has multiple objectives that are related and linked to objectives in children contexts.

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• Key Concepts: 
  Cascaded scorecard is a feature of SAP EPM-SM Strategy Management that allows users to create a hierarchical structure of scorecards. It enables users to link multiple scorecards together, allowing them to track performance across multiple levels of the organization. The cascaded scorecard feature also allows users to set up a system of cascading goals and objectives, which can be used to measure performance and progress towards organizational goals. 
  
  How to use it: 
  To use the cascaded scorecard feature in SAP EPM-SM Strategy Management, users must first create a scorecard hierarchy. This hierarchy should include the different levels of the organization, such as departments, divisions, and teams. Once the hierarchy is created, users can then link multiple scorecards together. This allows users to track performance across multiple levels of the organization. 
  
  Tips & Tricks: 
  When creating a cascaded scorecard in SAP EPM-SM Strategy Management, it is important to ensure that the goals and objectives are aligned with the organizational strategy. This will ensure that the performance metrics are meaningful and relevant to the organization’s overall objectives. Additionally, it is important to ensure that the scorecards are updated regularly in order to accurately reflect changes in performance over time. 
  
  Related Information: 
  SAP EPM-SM Strategy Management also includes features such as Balanced Scorecard, Performance Dashboard, and Performance Analysis. These features can be used in conjunction with the cascaded scorecard feature to provide a comprehensive view of organizational performance. Additionally, SAP EPM-SM Strategy Management also includes features such as Risk Analysis and Risk Mitigation, which can be used to identify potential risks and develop strategies for mitigating them.