What is simulated risk in SAP EHS-MGM - SAP EHS Management?

SAP Term: simulated risk

• Component: EHS-MGM

• Component Name: SAP EHS Management

• Description: A future risk that is “simulated” in the present to determine the possibility of a hazard that we assume exists in the future impacting an organization's objectives, a person's health or safety, or the environment. &EXAMPLE& Your organization plans to replace existing equipment. Before you make the change, you want be sure that the new risk situation created by the change is acceptable. You assess the risk now as if the new equipment were already in place. To differentiate this risk from the "real risks", you can create the risk as a simulated risk.

Smart SAP Assistant

• Key Concepts: 
  Simulated risk is a feature of SAP EHS Management that allows users to assess the potential risks associated with a particular process or activity. It uses a combination of data from the system and user-defined parameters to calculate the likelihood of an incident occurring. The results are then used to identify areas of improvement and develop strategies to reduce the risk.
  
  How to use it: 
  Simulated risk can be used in SAP EHS Management by first defining the parameters for the assessment. This includes selecting the type of risk, such as environmental, health, or safety, and setting the criteria for each parameter. Once these parameters are set, the system will generate a report that outlines the potential risks associated with the process or activity. 
  
  Tips & Tricks: 
  When using simulated risk in SAP EHS Management, it is important to ensure that all parameters are set correctly. This will ensure that the results are accurate and can be used to effectively identify areas of improvement. Additionally, it is important to regularly review and update the parameters as needed to ensure that they remain relevant and up-to-date. 
  
  Related Information: 
  For more information on simulated risk in SAP EHS Management, please refer to the official documentation available on SAP’s website. Additionally, there are several online resources available that provide additional tips and tricks for using this feature effectively.