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

SAP Term: initiative

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A key project or program developed to reach strategic objectives within a defined time period.

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• Key Concepts: 
  Initiative is a term used in SAP EPM-SM Strategy Management to refer to a project or activity that is designed to help an organization achieve its strategic objectives. It is a way of breaking down the overall strategy into smaller, more manageable pieces. Initiatives are typically assigned to specific teams or individuals and have associated goals, timelines, and resources. 
  
  How to use it: 
  Initiatives can be created in SAP EPM-SM Strategy Management by defining the initiative name, description, goals, timeline, resources, and other relevant information. Once created, initiatives can be tracked and monitored to ensure that they are progressing according to plan. 
  
  Tips & Tricks: 
  When creating initiatives in SAP EPM-SM Strategy Management, it is important to ensure that they are aligned with the overall strategy of the organization. Additionally, it is important to ensure that initiatives are realistic and achievable within the given timeline and resources. 
  
  Related Information: 
  For more information on initiatives in SAP EPM-SM Strategy Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_EPM_SM_STRATEGY_MANAGEMENT/latest/en-US.