What is portfolio item category in SAP PPM-PFM - Portfolio Management?

SAP Term: portfolio item category

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: An area of portfolio item activity such as a business area, division, or line of business. Examples of portfolio item categories in pharmaceutical R&D are oncology, dermatology, and cardiology.

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• Key Concepts: 
  Portfolio item category is a classification of portfolio items in SAP Portfolio and Project Management (PPM-PFM). It is used to group portfolio items into categories based on their purpose, such as strategic initiatives, projects, or programs. This allows for better organization and tracking of portfolio items. 
  
  How to use it: 
  Portfolio item categories can be created and managed in the PPM-PFM Portfolio Management module. Once created, they can be assigned to portfolio items when they are created or edited. This allows for better organization and tracking of portfolio items. 
  
  Tips & Tricks: 
  It is important to create meaningful portfolio item categories that are easy to understand and use. This will help ensure that portfolio items are properly categorized and tracked. Additionally, it is important to keep the categories up-to-date as the needs of the organization change over time. 
  
  Related Information: 
  For more information on portfolio item categories in SAP PPM-PFM Portfolio Management, please refer to the official SAP documentation.