What is simulation cockpit in SAP PPM-PFM - Portfolio Management?

SAP Term: simulation cockpit

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: A tool for assessing the impact of possible changes across multiple portfolio items in what-if scenarios. In the simulation cockpit, you can vary portfolio item attributes and view a graphical representation of the results. The currently available graphs are based on the following criteria: Budget Schedules Demand, allocation and availability

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• Key Concepts: 
  Simulation cockpit is a component of SAP Portfolio Management (PPM-PFM) that allows users to simulate and analyze the impact of changes to their portfolios. It provides a graphical representation of the portfolio, allowing users to quickly identify areas of potential improvement. The simulation cockpit also allows users to compare different scenarios and make informed decisions about their portfolios.
  
  How to use it: 
  To use the simulation cockpit, users must first create a portfolio in SAP Portfolio Management. Once the portfolio is created, users can access the simulation cockpit from the main menu. From there, they can select the portfolio they want to simulate and analyze. The simulation cockpit will then display a graphical representation of the portfolio, allowing users to quickly identify areas of potential improvement.
  
  Tips & Tricks: 
  When using the simulation cockpit, it is important to remember that it is only as accurate as the data that is entered into it. Therefore, it is important to ensure that all data is accurate and up-to-date before running simulations. Additionally, it is important to remember that simulations are only as good as the assumptions that are made when running them. Therefore, it is important to make sure that all assumptions are reasonable and accurate before running simulations.
  
  Related Information: 
  The simulation cockpit is just one component of SAP Portfolio Management (PPM-PFM). Other components include project management, resource management, and financial management. Additionally, SAP offers a variety of other tools and services related to portfolio management, such as analytics and reporting tools.