What is indexed KPI in SAP EPM-SM - Strategy Management?

SAP Term: indexed KPI

• Component: EPM-SM

• Component Name: Strategy Management

• Description: An object in the scorecard whose performance is measured by the status of its associated KPIs.

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• Key Concepts: 
  Indexed KPI is a type of performance indicator used in SAP EPM-SM Strategy Management. It is a measure of the performance of a company or organization relative to a predetermined target. The index is calculated by dividing the actual performance by the target performance. 
  
  How to use it: 
  Indexed KPIs are used to track progress towards a goal or target. They can be used to compare performance across different departments, divisions, or organizations. They can also be used to identify areas of improvement and areas where additional resources may be needed. 
  
  Tips & Tricks: 
  When setting up an indexed KPI, it is important to ensure that the target performance is realistic and achievable. It is also important to ensure that the data used to calculate the index is accurate and up-to-date. 
  
  Related Information: 
  Indexed KPIs are similar to other types of performance indicators such as Balanced Scorecards and Key Performance Indicators (KPIs). They can be used in conjunction with other types of performance indicators to provide a more comprehensive view of an organization’s performance.