What is heatmap in SAP GRC-RM - GRC Risk Management?

SAP Term: heatmap

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A graphical representation of data, for which the values used by a variable in a two-dimensional map are represented as colors. The color coding corresponds to the severity of the risks involved. The format of the heatmap for the Risk Management dashboards is user-defined and supports various risk levels.

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• Key Concepts:
  A heatmap is a graphical representation of data that uses color to represent different values. In SAP GRC Risk Management, a heatmap is used to visualize the risk levels associated with different areas of the organization. It can be used to quickly identify areas of high risk and prioritize risk management activities.
  
  How to use it:
  In SAP GRC Risk Management, a heatmap can be used to quickly identify areas of high risk and prioritize risk management activities. To create a heatmap, the user must first define the risk categories and assign a numerical value to each category. The user then assigns a color to each numerical value, which will be used to represent the risk level in the heatmap. Once the heatmap is created, it can be used to quickly identify areas of high risk and prioritize risk management activities.
  
  Tips & Tricks:
  When creating a heatmap in SAP GRC Risk Management, it is important to ensure that the colors used are easily distinguishable from one another. Additionally, it is important to ensure that the numerical values assigned to each risk category are accurate and reflect the actual level of risk associated with each area.
  
  Related Information:
  Heatmaps are also commonly used in other areas of business, such as marketing and finance. Additionally, there are many tools available for creating heatmaps in SAP GRC Risk Management, such as HeatMap Creator and HeatMap Analyzer.