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

SAP Term: risk template

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A template to be used when creating a risk in Risk Management. A risk template 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 risk template has no analysis and no responses linked to it.

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• Key Concepts: 
  A risk template is a predefined set of risk attributes and values that can be used to quickly create a risk in SAP GRC Risk Management. It allows users to define the characteristics of a risk, such as its severity, probability, and impact, and then apply it to multiple risks. This helps to ensure consistency across the organization when assessing and managing risks. 
  
  How to use it: 
  Risk templates can be created in SAP GRC Risk Management by navigating to the Risk Templates tab in the Risk Management module. From there, users can define the attributes of the template, such as its name, description, and severity levels. Once the template is created, it can be applied to any risk in the system. 
  
  Tips & Tricks: 
  When creating a risk template, it is important to consider how it will be used. For example, if the template will be used for multiple risks with different levels of severity, it may be beneficial to create multiple templates with different severity levels. This will help ensure that each risk is assessed accurately and consistently. 
  
  Related Information: 
  For more information on creating and using risk templates in SAP GRC Risk Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/GRC_RM/10/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9