What is meta model and product entity category in SAP FS-PM - Policy Management?

SAP Term: meta model and product entity category

• Component: FS-PM

• Component Name: Policy Management

• Description: Describes the basic relationship of product classes. For example, the "sales product" product class as the top root class in a 1:n relationship to the "product" product class. Only attributes can be defined for product classes, not characteristics. The IAA conform data model that is implicitly described by the classes is called meta model. &EXAMPLE& Im msg.PM, the meta model is called product model.

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  Key Concepts: 
  The meta model and product entity category in SAP FS-PM Policy Management is a set of objects that define the structure of the policy management system. It consists of a set of entities, such as policy types, policy elements, and policy rules, which are used to define the structure of the policy management system. The meta model also defines the relationships between these entities and how they interact with each other. 
  
  How to use it: 
  The meta model and product entity category in SAP FS-PM Policy Management can be used to create a policy management system that is tailored to the specific needs of an organization. This system can be used to define policies, set up rules for how policies are enforced, and track the progress of policies over time. It can also be used to create reports that provide insights into how policies are being implemented and monitored. 
  
  Tips & Tricks: 
  When creating a policy management system using the meta model and product entity category in SAP FS-PM Policy Management, it is important to ensure that all entities are properly linked together. This will ensure that all policies are enforced correctly and that any changes made to one entity will be reflected in all other related entities. Additionally, it is important to ensure that all entities are properly documented so that they