What is Metrics Management in SAP PPM-CF - Common Functions?

SAP Term: Metrics Management

• Component: PPM-CF

• Component Name: Common Functions

• Description: A generic tool for maintaining user-specific key figures, such as 'turnover' or 'costs'. The key figures are either calculated manually or are calculated by the system and can be used in different applications, for example, 'portfolio management' or 'Decision Flow Management'.

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• Key Concepts: 
  Metrics Management is a component of the SAP Portfolio and Project Management (PPM) solution. It enables organizations to measure, analyze, and report on the performance of their projects and portfolios. It provides a comprehensive set of metrics that can be used to track progress, identify areas of improvement, and make informed decisions. 
  
  How to use it: 
  Metrics Management can be used to track project performance over time, compare projects against each other, and identify areas of improvement. It also provides a range of reporting options, including graphical representations of data. This allows users to quickly identify trends and make informed decisions. 
  
  Tips & Tricks: 
  When using Metrics Management, it is important to ensure that the metrics being tracked are relevant to the project or portfolio being monitored. This will ensure that the data being collected is meaningful and actionable. Additionally, it is important to regularly review the metrics being tracked in order to ensure that they are still relevant and up-to-date. 
  
  Related Information: 
  For more information on Metrics Management, please refer to the SAP Portfolio and Project Management documentation. Additionally, there are a number of online resources available that provide further information on this component of PPM-CF Common Functions.