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

SAP Term: scorecard element

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Element of a scorecard. The elements of a scorecard are: the scorecard itself, perspectives, strategies, objectives, measures and initiatives.

Smart SAP Assistant

• Key Concepts: 
  A scorecard element is a component of the SAP Corporate Performance Monitor (FIN-SEM-CPM) that allows users to measure and monitor the performance of their organization. It is a graphical representation of a key performance indicator (KPI) that can be used to track progress towards a goal. The scorecard element can be used to compare actual performance against targets, and to identify areas for improvement. 
  
  How to use it: 
  Scorecard elements are created in the SAP Corporate Performance Monitor (FIN-SEM-CPM). The user can define the KPI, set targets, and assign weights to each element. The scorecard element can then be used to track progress towards the goal. The user can also use the scorecard element to compare actual performance against targets, and to identify areas for improvement. 
  
  Tips & Tricks: 
  When creating a scorecard element, it is important to ensure that the KPI is clearly defined and that the target values are realistic. It is also important to assign weights to each element in order to accurately measure progress towards the goal. 
  
  Related Information: 
  The SAP Corporate Performance Monitor (FIN-SEM-CPM) provides users with a comprehensive suite of tools for measuring and monitoring organizational performance. It includes features such as scorecards, dashboards, and analytics that can be used to track progress towards goals.