Executives are required to demonstrate probity in their decision making, and most organizations require several key approvals before any significant commitment of corporate resources. Enforcing the delegation of authority policy, and retaining the audit trail of approvals granted, are essential features of a modern solution.
A key consideration of executives is risk. Both the risk of not doing (omission), as well as the risk of doing (commission). These risks are often described as the urgency of the project, and the confidence of delivery. These risks can be captured in the Fiori app for assessment by the decision makers.
Executives need the ability to adapt to a changing environment. Project portfolios are very seldom executed as planned a year in advance, and it is important to be able to re-prioritize and substitute projects as competitive and compliance demands arise. A centralized repository of the planned project portfolio enables this dynamic project portfolio management.
As part of their fiduciary responsibility, executives are required to forecast and effectively monitor the successful delivery of capital projects that they’ve approved. This reconciliation of budget versus actual and forecast expenditure is best tracked directly in the core SAP system, and not via external spreadsheet compiled monthly.
Significant capital projects are commercially sensitive, and the security and confidentiality of project proposals must be carefully preserved. SAP authentication and authorization is the optimal approach to protecting this information.