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

SAP Term: risk category

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Highest category in the risk catalog function, for example "General Risks", or "Financial Market Risks".

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• Key Concepts: 
  Risk category is a component of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. It is used to classify and group risks into categories, such as financial, operational, or strategic. This helps to identify and prioritize risks that need to be addressed. 
  
  How to use it: 
  Risk categories can be created in the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. To do this, go to the Risk Management tab and select “Create Risk Category”. Enter a name for the category and select the type of risk it applies to. You can also add a description of the risk category and assign it to a specific user or group. 
  
  Tips & Tricks: 
  When creating risk categories, it is important to be as specific as possible. This will help ensure that risks are accurately classified and prioritized. Additionally, it is important to keep track of all risk categories and regularly review them to ensure they are up-to-date. 
  
  Related Information: 
  For more information on risk categories in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_FIN_SEM_CPM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html