What is positive predictive value in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: positive predictive value

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: KPI that indicates how likely it is that an alert item found with this particular fraud pattern will be confirmed. Calculation: Confirmed in pattern / Confirmed in pattern + False Alarm in pattern.

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• Key Concepts: 
  Positive predictive value (PPV) is a measure of the accuracy of a screening process in GRC-BIS SAP Business Integrity Screening. It is calculated by dividing the number of true positives (TP) by the sum of true positives and false positives (FP). A higher PPV indicates a more accurate screening process. 
  
  How to use it: 
  In GRC-BIS SAP Business Integrity Screening, PPV is used to measure the accuracy of the screening process. It is calculated by dividing the number of true positives (TP) by the sum of true positives and false positives (FP). This calculation can be used to determine if the screening process is effective in identifying potential risks. 
  
  Tips & Tricks: 
  When calculating PPV, it is important to consider both true positives and false positives. A higher PPV indicates a more accurate screening process, so it is important to ensure that the screening process is as accurate as possible. Additionally, it is important to consider other factors such as cost and time when evaluating the effectiveness of a screening process. 
  
  Related Information: 
  In addition to PPV, other measures of accuracy can be used to evaluate a screening process in GRC-BIS SAP Business Integrity Screening. These include sensitivity, specificity, and positive likelihood ratio. Additionally, other measures such as cost-effectiveness and time-effectiveness can also be used to evaluate the effectiveness of a screening process.