What is common initiative in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: common initiative

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Category to which you can assign initiatives that share the same content but have different names. This ensures that differently named initiatives that model the same context can be compared with each other in the context of a scorecard comparison.

Smart SAP Assistant

• Key Concepts: 
  Common Initiative is a feature of the Corporate Performance Monitor (FIN-SEM-CPM) component of SAP. It allows users to create and manage initiatives that are shared across multiple departments or organizations. This allows for better collaboration and communication between departments, as well as improved visibility into the progress of initiatives.
  
  How to use it: 
  To use Common Initiative, users must first create an initiative in the Corporate Performance Monitor. This can be done by selecting the “Create Initiative” option from the main menu. Once an initiative is created, users can assign tasks to different departments or organizations, set deadlines, and track progress.
  
  Tips & Tricks: 
  When creating an initiative, it is important to clearly define the goals and objectives of the initiative. This will help ensure that everyone involved understands what needs to be accomplished and how it should be done. Additionally, it is important to set realistic deadlines for each task so that progress can be tracked accurately.
  
  Related Information: 
  For more information on Common Initiative, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials and best practices for using Common Initiative in SAP.