What is duration in SAP IS-B-RA - Risk Analysis?

SAP Term: duration

• Component: IS-B-RA

• Component Name: Risk Analysis

• Description: Measure of interest rate risk for fixed-rate securities.

Smart SAP Assistant

• Key Concepts: 
  Duration is a term used in the IS-B-RA Risk Analysis component of SAP. It is a measure of the length of time that a risk is expected to last. It is used to determine the impact of a risk on a project or business process. 
  
  How to use it: 
  Duration can be used to assess the potential impact of a risk on a project or business process. It can be used to determine the amount of resources that should be allocated to mitigate the risk, as well as the timeline for completing the mitigation activities. 
  
  Tips & Tricks: 
  When assessing duration, it is important to consider both short-term and long-term risks. Short-term risks may have a smaller impact, but they can still have an effect on the overall success of a project or business process. 
  
  Related Information: 
  Duration is closely related to other terms such as probability and impact. Probability is a measure of how likely it is that a risk will occur, while impact is a measure of how severe the consequences of the risk will be. Together, these three terms can be used to assess the overall risk associated with a project or business process.