What is status indicator in SAP EPM-SM - Strategy Management?

SAP Term: status indicator

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A status indicator is an icon typically colored one of these colors: dark red, red, yellow, green, or dark green. The status indicator icon identifies the performance of the object, where dark red is very poor performance and dark green is very good performance. For a KPI, the status indicator represents the difference between actual and target the score against the customer-defined performance index of a KPI. For an objective, the status indicator represents the status of the objective’s underlying KPIs. For a perspective, the status indicator represents the status of one associated KPI, or the status of an index of objectives. For a context, the status indicator represents the status of an index of perspectives. For an initiative, the status indicator is subjective.

Smart SAP Assistant

• Key Concepts: 
  Status indicator is a feature of SAP EPM-SM Strategy Management that allows users to track the progress of their strategies. It is a visual representation of the status of a strategy, which can be used to quickly identify which strategies are on track and which need attention. The status indicator can be set to one of four colors: green, yellow, red, or gray. Each color represents a different level of progress. 
  
  How to use it: 
  To use the status indicator, users must first define the criteria for each color. For example, green could represent strategies that are on track and yellow could represent strategies that need attention. Once the criteria have been set, users can assign a color to each strategy based on its progress. The status indicator will then be visible in the strategy overview page, allowing users to quickly identify which strategies need attention. 
  
  Tips & Tricks: 
  It is important to keep the criteria for each color consistent across all strategies. This will ensure that users can easily identify which strategies need attention and which are on track. Additionally, it is important to regularly review and update the criteria for each color as needed. 
  
  Related Information: 
  For more information about SAP EPM-SM Strategy Management and its features, please visit the SAP website at https://www.sap.com/products/strategy-management.html