What is incident in SAP GRC - Governance, Risk and Compliance?

SAP Term: incident

• Component: GRC

• Component Name: Governance, Risk and Compliance

• Description: An adverse event beyond standard operations that has caused, or has the potential to cause, damage to an organization's business goals, personnel, assets or reputation. It may be identified by analysis of one or more events based on rules and using specialized knowledge. When handling incidents,the goal is to avoid future losses which may be caused by this individual incident or in future by potential similar incidents. An incident typically is tracked by an incident database, which is closely related to risk management. Each incident maps to one or more risks. Incidents typicallycasue investigation, communication and documentation. It may trigger processes like business continuity or crisis managment.

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• Key Concepts: 
  An incident in SAP GRC Governance, Risk and Compliance is an event or situation that has the potential to cause harm to the organization. It can be a security breach, a data leak, a violation of policy, or any other event that could have a negative impact on the organization. 
  
  How to use it: 
  In SAP GRC Governance, Risk and Compliance, incidents are tracked and managed using the Incident Management module. This module allows users to create and track incidents, assign tasks to responsible parties, and monitor progress. It also provides reporting capabilities to help organizations identify trends and areas of improvement. 
  
  Tips & Tricks: 
  When creating an incident in SAP GRC Governance, Risk and Compliance, it is important to provide as much detail as possible. This will help ensure that the incident is properly tracked and managed. Additionally, it is important to assign tasks to responsible parties in a timely manner so that the incident can be addressed quickly. 
  
  Related Information: 
  SAP GRC Governance, Risk and Compliance also includes modules for Risk Management, Access Control, Process Control, and Audit Management. These modules can be used in conjunction with Incident Management to help organizations identify risks and take proactive steps to mitigate them.