What is status model in SAP PLM-INM - Innovation Management?

SAP Term: status model

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A pattern defining the status values and actions that lead to status transitions. Each phase is assigned a status model, usually as part of the campaign configuration.

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• Key Concepts: 
  Status Model is a feature of SAP PLM-INM Innovation Management that allows users to define and manage the lifecycle of an innovation project. It allows users to define the different stages of an innovation project, such as idea generation, evaluation, implementation, and closure. The status model also allows users to assign different roles and responsibilities to each stage of the project. 
  
  How to use it: 
  To use the Status Model feature in SAP PLM-INM Innovation Management, users must first define the different stages of the innovation project. This can be done by creating a status model template that outlines the different stages and roles associated with each stage. Once the template is created, users can assign roles and responsibilities to each stage of the project. Finally, users can track the progress of the project by monitoring the status of each stage. 
  
  Tips & Tricks: 
  When creating a status model template, it is important to consider all aspects of the innovation project. This includes defining roles and responsibilities for each stage, as well as setting deadlines for each stage. Additionally, it is important to ensure that all stakeholders are aware of their roles and responsibilities in order to ensure a successful outcome for the project. 
  
  Related Information: 
  For more information on how to use the Status Model feature in SAP PLM-INM Innovation Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.