What is ranking in SAP (GRC-AUD - SAP Audit Management)?

SAP Term: ranking

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: Used to classify risks in values, in order to prioritize the actions required to undertake the mitigation of the risks. Examples of rankings are "high, medium, and low".

Smart SAP Assistant

• Key Concepts: 
  Ranking is a feature of SAP Audit Management that allows users to prioritize their audit tasks. It allows users to assign a numerical value to each task, which can then be used to determine the order in which tasks should be completed. This helps users to focus on the most important tasks first and ensure that all tasks are completed in a timely manner.
  
  How to use it: 
  To use the ranking feature, users must first create an audit plan. Once the plan is created, users can assign a numerical value to each task in the plan. This value will determine the order in which tasks should be completed. The higher the number, the higher priority the task will have. Users can also adjust the ranking of tasks as needed.
  
  Tips & Tricks: 
  When assigning rankings to tasks, it is important to consider both the importance of the task and how long it will take to complete. This will help ensure that all tasks are completed in a timely manner and that no important tasks are overlooked.
  
  Related Information: 
  For more information on using the ranking feature in SAP Audit Management, please refer to the official SAP documentation.