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

SAP Term: portfolio lifecycle

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: The formal process, or roadmap, that companies use to drive a new product from product idea to product launch.

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• Key Concepts: 
  Portfolio lifecycle is a concept used in SAP Portfolio and Project Management (PPM-PFM) to describe the stages of a project from its initiation to its completion. It includes the planning, execution, and closure of a project. It also includes the management of resources, risks, and costs associated with the project. 
  
  How to use it: 
  The portfolio lifecycle is used to manage projects within SAP PPM-PFM. It helps to ensure that projects are completed on time and within budget. It also helps to identify potential risks and opportunities associated with the project. 
  
  Tips & Tricks: 
  When using the portfolio lifecycle, it is important to ensure that all stakeholders are aware of their roles and responsibilities throughout the project. This will help to ensure that the project is completed successfully. Additionally, it is important to monitor progress throughout the project and make adjustments as needed. 
  
  Related Information: 
  For more information about portfolio lifecycle in SAP PPM-PFM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide additional information about portfolio lifecycle in SAP PPM-PFM.