What is significance in SAP FS-BA-PM - Processes and Methods?

SAP Term: significance

• Component: FS-BA-PM

• Component Name: Processes and Methods

• Description: An attribute that specifies whether a transaction is large or complex significant. Transactions that do not fulfill this requirement are considered insignificant. The significance is determined using properties of the transaction complexity, external credit line, commitment capital.

Smart SAP Assistant

• Key Concepts: 
  Significance is a term used in the FS-BA-PM Processes and Methods component of SAP. It is used to describe the importance of a particular process or method in relation to the overall goal of the project. It is used to determine which processes and methods should be prioritized and which can be de-prioritized. 
  
  How to use it: 
  When using the FS-BA-PM Processes and Methods component of SAP, significance should be taken into account when deciding which processes and methods should be implemented. It is important to consider the overall goal of the project and prioritize processes and methods that will help achieve that goal. 
  
  Tips & Tricks: 
  When assigning significance to processes and methods, it is important to consider the cost, time, and resources associated with each one. This will help you determine which processes and methods are most important for achieving the project’s goal. 
  
  Related Information: 
  Significance is closely related to other terms such as priority, relevance, and value. These terms are all used to describe the importance of a particular process or method in relation to the overall goal of the project.