What is priority in SAP PPM-PFM - Portfolio Management?

SAP Term: priority

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: An indicator of the relative importance of a project. The priority of a project is determined by the project manager and is intended to be a subjective estimate of the urgency of a project compared to all other projects in a project portfolio.

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• Key Concepts: 
  Priority is a feature in SAP Portfolio Management (PPM-PFM) that allows users to assign a numerical value to a project or portfolio item. This numerical value is used to determine the order in which projects and items are processed. The higher the priority, the higher the priority of the project or item. 
  
  How to use it: 
  Priority can be set for any project or portfolio item in SAP PPM-PFM. To set priority, open the project or item and select the “Priority” field. Enter a numerical value from 1 to 10, with 1 being the lowest priority and 10 being the highest. Once set, this priority will be used to determine the order in which projects and items are processed. 
  
  Tips & Tricks: 
  When setting priority, it is important to consider the impact of each project or item on the overall portfolio. Projects and items with higher priority should be given more attention and resources than those with lower priority. Additionally, it is important to regularly review and adjust priorities as needed to ensure that projects and items are being processed in an efficient manner. 
  
  Related Information: 
  For more information on setting priority in SAP PPM-PFM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PORTFOLIO_AND_PROJECT_MANAGEMENT/7.5/en-US