What is control risk level in SAP GRC-PLA - GRC Platform?

SAP Term: control risk level

• Component: GRC-PLA

• Component Name: GRC Platform

• Description: A value that indicates the severity of the control risk.

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• Key Concepts: 
  Control risk level is a feature of the SAP GRC Platform that allows organizations to set a risk threshold for their operations. This threshold is used to determine when a risk should be escalated and addressed. The control risk level can be set at different levels depending on the organization's risk appetite and tolerance. 
  
  How to use it: 
  The control risk level can be set in the SAP GRC Platform by navigating to the Risk Management tab and selecting the Control Risk Level option. From there, users can select the desired risk level and save their settings. The control risk level will then be used to determine when a risk should be escalated and addressed. 
  
  Tips & Tricks: 
  It is important to ensure that the control risk level is set at an appropriate level for the organization's risk appetite and tolerance. Setting the control risk level too low may result in unnecessary escalations, while setting it too high may result in risks not being addressed in a timely manner. 
  
  Related Information: 
  The SAP GRC Platform also includes features such as automated risk assessment, automated compliance checks, and automated remediation. These features can help organizations ensure that their operations are compliant with applicable regulations and reduce their overall risk exposure.