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

SAP Term: risk level

• Component: GRC-PLA

• Component Name: GRC Platform

• Description: A measure of risk indicating its priority.

Smart SAP Assistant

• Key Concepts: 
  Risk level is a concept used in SAP GRC Platform to measure the severity of a risk. It is based on the probability of the risk occurring and the potential impact it could have on the organization. Risk levels are typically categorized as low, medium, and high. 
  
  How to use it: 
  Risk level is used to prioritize risks and determine which ones should be addressed first. It can also be used to identify areas of the organization that are more vulnerable to risk and require additional resources or attention. 
  
  Tips & Tricks: 
  When assessing risk levels, it is important to consider both the probability of the risk occurring and its potential impact. This will help ensure that risks are accurately prioritized and addressed in a timely manner. 
  
  Related Information: 
  Risk level is closely related to other concepts such as risk management, risk assessment, and risk mitigation. Understanding these concepts can help organizations better manage their risks and ensure they are adequately prepared for any potential threats.