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

SAP Term: mitigation monitor

• Component: GRC

• Component Name: Governance, Risk and Compliance

• Description: A person assigned to monitor a mitigating control to make sure it functions within compliance parameters.

Smart SAP Assistant

• Key Concepts: 
  Mitigation Monitor is a component of SAP GRC Governance, Risk and Compliance. It is a tool that helps organizations identify, assess, and manage risks associated with their operations. It provides a comprehensive view of the risk landscape and helps organizations prioritize risk mitigation activities. 
  
  How to use it: 
  Mitigation Monitor can be used to identify potential risks and develop strategies to mitigate them. It can be used to track the progress of risk mitigation activities and ensure that they are completed in a timely manner. It also provides insights into the effectiveness of risk mitigation efforts. 
  
  Tips & Tricks: 
  When using Mitigation Monitor, it is important to ensure that all relevant stakeholders are involved in the risk assessment process. This will help ensure that all potential risks are identified and addressed. Additionally, it is important to regularly review the risk landscape to ensure that any new risks are identified and addressed in a timely manner. 
  
  Related Information: 
  For more information on Mitigation Monitor, please refer to the SAP GRC Governance, Risk and Compliance documentation. Additionally, there are several online resources available that provide additional information on how to use Mitigation Monitor effectively.