What is cause-effect chain in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: cause-effect chain

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Causal link between objectives in a scorecard to clarify relationsships of influence between objectives.

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• Key Concepts: 
  Cause-effect chain is a feature of the Corporate Performance Monitor (FIN-SEM-CPM) component of SAP. It is a graphical representation of the relationships between different elements of a business process. It allows users to identify the cause and effect of different events and activities, and to identify potential areas for improvement. 
  
  How to use it: 
  To use the cause-effect chain feature, users must first define the elements of their business process. This includes defining the activities, events, and outcomes that are part of the process. Once these elements have been defined, users can then create a graphical representation of the cause-effect chain by connecting the elements with arrows. This will allow users to easily identify potential areas for improvement in their business process. 
  
  Tips & Tricks: 
  When creating a cause-effect chain, it is important to ensure that all elements are accurately represented. This includes making sure that all activities, events, and outcomes are accurately connected with arrows. Additionally, it is important to ensure that all elements are labeled correctly so that users can easily identify them when viewing the cause-effect chain. 
  
  Related Information: 
  The cause-effect chain feature of SAP’s Corporate Performance Monitor (FIN-SEM-CPM) component can be used in conjunction with other features such as predictive analytics and data visualization to gain deeper insights into business processes. Additionally, this feature can be used to identify potential areas for improvement in business processes and to develop strategies for improving efficiency and effectiveness.