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

SAP Term: initiative type

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A categorization that denotes the initiative's purpose. Corrective action, strategic, and risk mitigation are all initiative types.

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• Key Concepts: 
  Initiative type is a component of SAP EPM-SM Strategy Management. It is used to define the type of initiative that is being created. Initiative types are used to categorize initiatives and provide a way to group them together for reporting and analysis. 
  
  How to use it: 
  Initiative types are created in the SAP EPM-SM Strategy Management system. They can be assigned to initiatives when they are created, or they can be added later. Initiative types can be used to filter initiatives in reports and dashboards, as well as to group initiatives together for analysis. 
  
  Tips & Tricks: 
  When creating initiative types, it is important to consider how they will be used in reports and dashboards. It is also important to consider how initiative types will be used for analysis, as this will help ensure that the initiative types are meaningful and useful. 
  
  Related Information: 
  For more information on 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 using SAP EPM-SM Strategy Management.