What is corrective action initiative in SAP EPM-SM - Strategy Management?

SAP Term: corrective action initiative

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A type of initiative that solves a specific business problem.

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• Key Concepts: 
  A corrective action initiative is a feature of SAP EPM-SM Strategy Management that allows users to identify and address issues that arise during the execution of a strategy. It enables users to create initiatives to address any issues that arise, and track the progress of those initiatives. The corrective action initiative feature also allows users to assign tasks to team members, set deadlines, and track the progress of those tasks. 
  
  How to use it: 
  To use the corrective action initiative feature, users must first create an initiative. This can be done by selecting the “Create Initiative” option from the Strategy Management menu. From there, users can enter information about the initiative, such as its title, description, and any associated tasks. Once an initiative is created, users can assign tasks to team members and set deadlines for completion. 
  
  Tips & Tricks: 
  When creating an initiative, it is important to provide as much detail as possible in order to ensure that all team members understand the scope of the task. Additionally, it is important to set realistic deadlines for completion of tasks in order to ensure that initiatives are completed in a timely manner. 
  
  Related Information: 
  For more information on how to use the corrective action initiative feature in SAP EPM-SM Strategy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.