What is opportunity category in SAP GRC-RM - GRC Risk Management?

SAP Term: opportunity category

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A classification of opportunities according to user-defined criteria andincluded in the opportunity classification hierarchy of the Risk Management User Interface.

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• Key Concepts: 
  Opportunity category is a feature of SAP GRC Risk Management (GRC-RM) that allows users to classify and categorize opportunities. It helps to organize and prioritize opportunities, as well as to track progress and performance. Opportunity categories can be used to group similar opportunities together, making it easier to identify trends and patterns. 
  
  How to use it: 
  To use the opportunity category feature, users must first create a category. This can be done by selecting the “Create Category” option from the GRC-RM menu. Once a category is created, users can assign opportunities to it. This can be done by selecting the “Assign Opportunity” option from the GRC-RM menu. 
  
  Tips & Tricks: 
  When creating an opportunity category, it is important to consider how it will be used. For example, if the category is intended to track progress and performance, then it should include metrics such as completion rate or time to resolution. Additionally, when assigning opportunities to a category, users should consider how they will be grouped together. This will help ensure that similar opportunities are grouped together for easier tracking and analysis. 
  
  Related Information: 
  For more information on using the opportunity category feature in SAP GRC Risk Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.