What is key performance indicator in SAP PPM-PFM - Portfolio Management?

SAP Term: key performance indicator

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: A measurement or metric for evaluating a company's business strategy, performance, or technology. Key performance indicators express abstract company objectives in financial or physical units for comparative purposes.

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• Key Concepts: 
  A key performance indicator (KPI) is a metric used to measure the performance of a business process or activity. It is used to track progress towards a goal and to measure the success of an organization. KPIs are typically used in the areas of finance, operations, customer service, and marketing.
  
  How to use it: 
  In SAP PPM-PFM Portfolio Management, KPIs are used to measure the performance of projects and portfolios. They can be used to track progress towards goals, measure the success of projects, and identify areas for improvement. KPIs can also be used to compare different projects or portfolios and identify areas for improvement.
  
  Tips & Tricks: 
  When setting up KPIs in SAP PPM-PFM Portfolio Management, it is important to ensure that they are relevant to the project or portfolio being measured. It is also important to ensure that the KPIs are measurable and that they are tracked over time.
  
  Related Information: 
  For more information on setting up KPIs in SAP PPM-PFM Portfolio Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide guidance on setting up and using KPIs in SAP PPM-PFM Portfolio Management.