What is probability level in SAP GRC-SPC - GRC Process Controls for SAP?

SAP Term: probability level

• Component: GRC-SPC

• Component Name: GRC Process Controls for SAP

• Description: A level that corresponds to a defined probability value used by the system to evaluate a risk.

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• Key Concepts:
  Probability level is a term used in SAP GRC Process Controls for SAP. It is a measure of the likelihood that a control will detect a risk or deviation from the expected behavior. The probability level is expressed as a percentage, with higher percentages indicating higher likelihoods of detection. 
  
  How to use it:
  The probability level is used to determine the effectiveness of a control. A higher probability level indicates that the control is more likely to detect any risks or deviations from expected behavior. The probability level can be adjusted to ensure that the control is effective in detecting risks and deviations. 
  
  Tips & Tricks:
  When setting the probability level, it is important to consider the risk associated with the control. A higher probability level may be necessary for controls that are associated with higher risks. Additionally, it is important to consider the cost associated with setting a higher probability level, as this may increase the cost of implementing the control. 
  
  Related Information:
  The probability level is an important factor in determining the effectiveness of a control. Other factors such as frequency of testing and type of testing should also be considered when evaluating the effectiveness of a control. Additionally, it is important to consider other factors such as cost and resources when evaluating the effectiveness of a control.