What is portfolio initiative in SAP PPM-PFM - Portfolio Management?

SAP Term: portfolio initiative

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: A object used in the process of discovering, designing, and developing new products within a company, and introducing these products to the market. This process follows predefined innovation process templates where decision gates and phases are defined. This includes the post-launch phase.

Smart SAP Assistant

• Key Concepts: 
  Portfolio initiative is a term used in SAP Portfolio and Project Management (PPM-PFM). It is a project or program that is part of a larger portfolio of projects and programs. It is used to manage the resources, costs, and risks associated with the portfolio. 
  
  How to use it: 
  Portfolio initiatives are used to help organizations prioritize their projects and programs. They can be used to identify which projects should be given priority and which should be delayed or cancelled. They can also be used to track the progress of projects and programs within the portfolio. 
  
  Tips & Tricks: 
  When creating a portfolio initiative, it is important to consider the objectives of the portfolio as well as the resources available. It is also important to consider the risks associated with each project or program in order to ensure that they are managed effectively. 
  
  Related Information: 
  For more information on SAP Portfolio and Project Management (PPM-PFM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and best practices for using SAP PPM-PFM.