What is measure in SAP PSM-EC - Expenditure Certification?

SAP Term: measure

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: The means by which a priority is implemented over several years which enable certifying operations to be financed.

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• Key Concepts: 
  A measure in the context of SAP PSM-EC Expenditure Certification is a unit of measurement used to track and report on the financial performance of an organization. It is used to compare actual performance against budgeted performance, and to identify areas of improvement or areas where additional resources may be needed. 
  
  How to use it: 
  Measures are used to track and report on the financial performance of an organization. They can be used to compare actual performance against budgeted performance, and to identify areas of improvement or areas where additional resources may be needed. Measures can also be used to assess the effectiveness of certain processes or activities, such as the effectiveness of a training program or the success rate of a marketing campaign. 
  
  Tips & Tricks: 
  When creating measures, it is important to ensure that they are meaningful and relevant to the organization’s goals and objectives. It is also important to ensure that measures are consistent across different departments or divisions within an organization. This will help ensure that all departments are working towards the same goals and objectives. 
  
  Related Information: 
  For more information on measures in SAP PSM-EC Expenditure Certification, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed information on how to create and use measures in SAP PSM-EC Expenditure Certification.