What is type of deviation in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: type of deviation

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Indication for how the plan deviation value should be interpreted by the system.

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• Key Concepts: 
  A type of deviation in the SAP FIN-SEM-CPM Corporate Performance Monitor is a difference between the actual performance of an organization and the expected performance. This deviation can be measured in terms of financial performance, operational performance, or any other metric that is important to the organization. 
  
  How to use it: 
  The type of deviation can be used to identify areas where an organization is underperforming or overperforming. It can also be used to identify areas where improvements can be made. The type of deviation can be used to compare the performance of different organizations or departments within an organization. 
  
  Tips & Tricks: 
  When using the type of deviation, it is important to consider the context in which it is being used. For example, if the deviation is being used to compare two organizations, it is important to consider factors such as size, industry, and location. Additionally, it is important to consider any external factors that may have an impact on the performance of an organization. 
  
  Related Information: 
  The type of deviation can also be used in conjunction with other metrics such as cost-benefit analysis and benchmarking. Additionally, it can be used to identify areas where investments should be made or where resources should be allocated. Finally, it can be used to measure the effectiveness of strategies and initiatives implemented by an organization.