What is risk category in SAP (GRC-RM - GRC Risk Management)?

SAP Term: risk category

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A classification of risks according to user-defined criteria and included in the risk classification hierarchy of the Risk Management User Interface. Two types of risks might be "operational risks" and "market risks".

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• Key Concepts: 
  Risk category is a classification of risks in SAP GRC Risk Management. It is used to group risks according to their type, severity, and other characteristics. Risk categories can be used to identify and prioritize risks, as well as to track and monitor them over time. 
  
  How to use it: 
  Risk categories can be created in SAP GRC Risk Management by assigning a name and description to each category. The categories can then be used to classify risks according to their type, severity, and other characteristics. This allows users to easily identify and prioritize risks, as well as track and monitor them over time. 
  
  Tips & Tricks: 
  When creating risk categories, it is important to ensure that they are comprehensive enough to cover all potential risks. Additionally, it is important to ensure that the categories are easy to understand and use. 
  
  Related Information: 
  For more information on risk categories in SAP GRC Risk Management, please refer to the official SAP documentation.