What is risk catalog in SAP (FIN-SEM-CPM - Corporate Performance Monitor)?

SAP Term: risk catalog

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Hiearchy of risks that is structured into categories. A risk catalog consists of risk categories for example "General Risks", or "Financial Market Risks"; these consist, in turn, of risk groups for example, within the risk category "General Risks": "Economic Embargo" and / or single risks for example, "Natural Disaster: Flooding".

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• Key Concepts: 
  Risk Catalog is a component of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. It is a repository of risk definitions and associated risk data that can be used to identify, assess, and manage risks. The Risk Catalog contains information about the risk type, risk category, risk description, and associated risk data. 
  
  How to use it: 
  The Risk Catalog can be used to identify potential risks in an organization and to assess the impact of those risks. It can also be used to develop strategies for mitigating or avoiding those risks. The Risk Catalog can be accessed through the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. 
  
  Tips & Tricks: 
  When using the Risk Catalog, it is important to ensure that all relevant information is included in the risk definition. This includes the risk type, risk category, risk description, and associated risk data. Additionally, it is important to regularly review and update the Risk Catalog to ensure that it remains up-to-date and accurate. 
  
  Related Information: 
  The Risk Catalog is part of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. Other components of the Corporate Performance Monitor include Financial Planning & Analysis (FIN-SEM-FP&A), Business Intelligence (BI), and Business Process Management (BPM).