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

SAP Term: scope

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: An identifier that differentiates dashboards of the same object type such as item, initiative, and so on in navigation and configuration.

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• Key Concepts: 
  Scope in SAP PPM-PFM Portfolio Management is the set of activities and resources that are necessary to achieve a specific goal. It defines the boundaries of the project and helps to ensure that all stakeholders are aware of the project’s objectives and timeline. It also helps to ensure that all resources are allocated appropriately and that the project is completed on time and within budget. 
  
  How to use it: 
  When creating a project in SAP PPM-PFM Portfolio Management, the scope should be clearly defined. This includes defining the objectives, timeline, budget, resources, and any other relevant information. Once the scope is defined, it should be communicated to all stakeholders so that everyone is aware of the project’s goals and timeline. 
  
  Tips & Tricks: 
  When defining the scope of a project in SAP PPM-PFM Portfolio Management, it is important to be as specific as possible. This will help to ensure that all stakeholders are aware of the project’s objectives and timeline, as well as any other relevant information. Additionally, it is important to review the scope periodically throughout the project to ensure that it is still relevant and up-to-date. 
  
  Related Information: 
  For more information on scope in SAP PPM-PFM Portfolio Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PPM_Portfolio_Management/7.5/en-US