What is central risk in SAP GRC-RM - GRC Risk Management?

SAP Term: central risk

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A template to be used when creating a risk in Risk Management. A central risk has the following attributes: The risk drivers and impact categories have been maintained in Customizing. The parent risk category has been maintained in the UI for risk classification. A central risk has no analysis and no responses linked to it.

Smart SAP Assistant

• Key Concepts: 
  Central risk is a term used in SAP GRC Risk Management (GRC-RM) to refer to the risk that affects multiple business processes or departments. It is a risk that has the potential to cause significant damage to the organization if not managed properly. Central risk can be caused by external factors such as changes in the market, or internal factors such as changes in personnel or processes. 
  
  How to use it: 
  Central risk should be identified and managed by the organization’s risk management team. The team should assess the potential impact of the risk and develop strategies to mitigate it. The team should also monitor the risk on an ongoing basis and take corrective action if necessary. 
  
  Tips & Tricks: 
  When assessing central risk, it is important to consider both the short-term and long-term impacts of the risk. It is also important to consider how the risk could affect different departments or processes within the organization. 
  
  Related Information: 
  For more information on central risk and how to manage it, please refer to SAP’s GRC Risk Management documentation.