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

SAP Term: scorecard hierarchy

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: List of several hierarchies that contain scorecards for thepresentation. In the presentation, you can select only those scorecards that are assigned to a node in the scorecard hierarchy. The standard hierarchy isa special hierarchy and is displayed first in the scorecard hierarchy.

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• Key Concepts: 
  Scorecard hierarchy is a feature of the Corporate Performance Monitor (CPM) component of SAP. It allows users to create a hierarchical structure of scorecards, which are used to measure and monitor the performance of an organization. Scorecards are made up of key performance indicators (KPIs) that are used to track progress towards goals. The scorecard hierarchy allows users to organize their scorecards into a logical structure, making it easier to view and analyze performance data. 
  
  How to use it: 
  To use the scorecard hierarchy feature, users must first create a scorecard in CPM. This can be done by selecting the “Create Scorecard” option from the CPM menu. Once the scorecard is created, users can then add KPIs to it. Finally, users can create a hierarchical structure for their scorecards by selecting the “Create Hierarchy” option from the CPM menu. This will allow them to organize their scorecards into a logical structure that makes it easier to view and analyze performance data. 
  
  Tips & Tricks: 
  When creating a scorecard hierarchy, it is important to keep in mind that each level of the hierarchy should have a specific purpose. For example, one level may be used for tracking overall performance while another level may be used for tracking individual KPIs. Additionally, it is important to ensure that each level of the hierarchy is properly labeled so that users can easily identify which scorecards belong to which level. 
  
  Related Information: 
  For more information on how to use the scorecard hierarchy feature in SAP CPM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_CPM/1.0/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d6a.html