What is 'risk group' in SAP FIN-SEM-CPM - Corporate Performance Monitor?

risk group - Overview

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Subcategory of a risk category in the Risk Catalog function used for grouping single risks. For example, in the risk category "General Risks", the two risks "Economic Embargo", or "Legislative Changes" could each represent a risk group.

risk group - Details

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  Key Concepts: 
  Risk group is a feature of the Corporate Performance Monitor (CPM) component of SAP. It is used to identify and manage risks associated with a company’s financial performance. The risk group is composed of a set of criteria that are used to evaluate the potential risks associated with a company’s financial performance. 
  
  How to use it: 
  The risk group can be used to identify and manage risks associated with a company’s financial performance. The criteria used to evaluate the potential risks associated with a company’s financial performance can be customized according to the company’s specific needs. The risk group can be used to identify potential risks and develop strategies to mitigate them. 
  
  Tips & Tricks: 
  When using the risk group, it is important to ensure that the criteria used to evaluate potential risks are relevant and up-to-date. It is also important to regularly review and update the criteria used in order to ensure that they remain relevant and effective. 
  
  Related Information: 
  The Corporate Performance Monitor (CPM) component of SAP provides additional features that can be used in conjunction with the risk group, such as forecasting, budgeting, and reporting tools. These features can be used to further analyze and manage risks associated with a company’s financial performance.