What is objectives hierarchy in SAP GRC-RM - GRC Risk Management?

SAP Term: objectives hierarchy

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: Structure used to describe how business objectives and strategies relateto each other within an organization. Business objectives are grouped within a strategy.

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  Key Concepts: 
  Objectives Hierarchy is a feature of SAP GRC Risk Management (GRC-RM) that allows users to create a hierarchical structure of objectives. This structure can be used to define the relationships between different objectives and to assign ownership and responsibility for each objective. The hierarchy also allows users to track progress towards objectives and to identify areas of risk. 
  
  How to use it: 
  Objectives Hierarchy can be used to create a visual representation of the objectives and their relationships. This can be done by creating a tree-like structure with each node representing an objective. The nodes can then be linked together to show the relationships between the objectives. Additionally, users can assign ownership and responsibility for each objective, as well as track progress towards them. 
  
  Tips & Tricks: 
  When creating an Objectives Hierarchy, it is important to ensure that the structure is clear and easy to understand. This will help users quickly identify areas of risk and track progress towards objectives. Additionally, it is important to ensure that ownership and responsibility are assigned correctly for each objective. 
  
  Related Information: 
  For more information on Objectives Hierarchy in SAP GRC Risk Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/GRC_RM/10/en-US