What is 'chance of success' in SAP SRD-CRM-OPP - CRM-Opportunities?

chance of success - Overview

• Component: SRD-CRM-OPP

• Component Name: CRM-Opportunities

• Description: The percentage the opportunity has for advancement based on its sales phase.

chance of success - Details

• 
  Key Concepts: 
  Chance of success is a metric used in SAP CRM Opportunities to measure the likelihood of a sales opportunity being successful. It is calculated based on the probability of success, the expected revenue, and the expected costs associated with the opportunity. 
  
  How to use it: 
  The chance of success metric can be used to prioritize opportunities and determine which ones should be pursued first. It can also be used to assess the risk associated with an opportunity and determine whether or not it is worth pursuing. 
  
  Tips & Tricks: 
  When calculating the chance of success, it is important to consider all factors that could affect the outcome of the opportunity. This includes external factors such as market conditions, competition, and customer sentiment. 
  
  Related Information: 
  The chance of success metric is closely related to other metrics such as expected revenue and expected costs. It is also related to other metrics such as customer satisfaction and customer loyalty.