What is risk analysis in SAP (GRC-SAC - SAP GRC Access Control)?

SAP Term: risk analysis

• Component: GRC-SAC

• Component Name: SAP GRC Access Control

• Description: A quantitative and/or qualitative analysis of the likelihood of occurrence of a risk, and the potential impact and probability of the identified risk.

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• Key Concepts: 
  Risk analysis is a process used to identify, assess, and prioritize risks associated with a particular activity or process. In the context of SAP GRC Access Control, risk analysis is used to identify and assess the risks associated with granting access to sensitive data or systems. 
  
  How to use it: 
  Risk analysis in SAP GRC Access Control is used to evaluate the potential risks associated with granting access to sensitive data or systems. This process involves identifying the potential risks, assessing their likelihood and impact, and then prioritizing them based on their severity. The risk analysis process can then be used to inform decisions about granting access and mitigating any identified risks. 
  
  Tips & Tricks: 
  When performing risk analysis in SAP GRC Access Control, it is important to consider both the likelihood and impact of each identified risk. This will help ensure that the most severe risks are identified and addressed first. Additionally, it is important to consider any potential mitigating factors that could reduce the severity of a risk. 
  
  Related Information: 
  For more information on risk analysis in SAP GRC Access Control, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_GRC_ACCESS_CONTROL/10.0/en-US/f3d7f9a8b2c14e6f9a7d3c8b2f5e4d1a.html