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

SAP Term: objective

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Description of a strategic objective as seen from one of the perspectives defined in the Balanced Scorecard. The degree to which the objective has been reached is determined by checking the current status of measures mapped to the objective. Objectives can be linked in a cause-effect chain.

Smart SAP Assistant

• Key Concepts: 
  Objective in the context of SAP FIN-SEM-CPM Corporate Performance Monitor is a goal or target that an organization sets for itself. It is a measurable value that the organization strives to achieve. Objectives can be financial, operational, or strategic in nature. 
  
  How to use it: 
  Objectives are used to measure the performance of an organization. They are used to set goals and track progress towards those goals. Objectives can be set at the organizational level, departmental level, or individual level. Objectives should be specific, measurable, achievable, relevant, and time-bound (SMART). 
  
  Tips & Tricks: 
  When setting objectives, it is important to ensure that they are realistic and achievable. Objectives should also be aligned with the overall strategy of the organization. It is also important to ensure that objectives are regularly reviewed and updated as needed. 
  
  Related Information: 
  SAP FIN-SEM-CPM Corporate Performance Monitor provides tools for setting and tracking objectives. It also provides tools for analyzing performance data and making decisions based on that data. Additionally, it provides tools for creating reports and dashboards to monitor progress towards objectives.