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

SAP Term: common objective

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Category to which you can assign objectives that have the same content but different names. This ensures that objectives with different names modeling the same context can be compared with each other in the context of a scorecard.

Smart SAP Assistant

• Key Concepts: 
  Common objective in SAP FIN-SEM-CPM Corporate Performance Monitor is a feature that allows users to set and track goals for their organization. It enables users to define objectives, assign them to different departments, and track progress towards achieving them. The feature also allows users to compare performance against objectives and identify areas of improvement. 
  
  How to use it: 
  To use the common objective feature in SAP FIN-SEM-CPM Corporate Performance Monitor, users must first define their objectives. This can be done by setting goals for each department or team within the organization. Once the objectives have been set, users can assign them to different departments and track progress towards achieving them. The feature also allows users to compare performance against objectives and identify areas of improvement. 
  
  Tips & Tricks: 
  When setting objectives in SAP FIN-SEM-CPM Corporate Performance Monitor, it is important to ensure that they are realistic and achievable. It is also important to ensure that the objectives are measurable so that progress can be tracked accurately. Additionally, it is important to ensure that the objectives are aligned with the overall goals of the organization. 
  
  Related Information: 
  For more information on using the common objective feature in SAP FIN-SEM-CPM Corporate Performance Monitor, please refer to the official documentation available on the SAP website. Additionally, there are a number of online tutorials and videos available which provide step-by-step instructions on how to use this feature.