What is risk structure node in SAP FS-PM - Policy Management?

SAP Term: risk structure node

• Component: FS-PM

• Component Name: Policy Management

• Description: A hierarchical level in a risk structure. A risk structure node, and the attributes that describe the node, are defined by its node type. Multiple coverages or coverage packages can be assigned to a risk structure node.

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• Key Concepts: 
  Risk structure nodes are part of the FS-PM Policy Management component of SAP. They are used to define the structure of a risk management system, including the different levels of risk and the relationships between them. Risk structure nodes are used to define the hierarchy of risks and their associated parameters, such as risk categories, risk types, and risk levels. 
  
  How to use it: 
  Risk structure nodes can be used to create a hierarchical structure for risk management. This structure can be used to define the different levels of risk and their associated parameters. The nodes can also be used to define the relationships between different levels of risk, such as parent-child relationships or peer-to-peer relationships. 
  
  Tips & Tricks: 
  When creating a risk structure node, it is important to consider the different levels of risk and their associated parameters. This will help ensure that the risk management system is properly structured and that all risks are properly identified and managed. 
  
  Related Information: 
  For more information on risk structure nodes, please refer to the SAP documentation on FS-PM Policy Management.