What is 'risk object' in SAP IS-B-RA - Risk Analysis?

risk object - Overview

• Component: IS-B-RA

• Component Name: Risk Analysis

• Description: Internal processing structure that is used to store information about financial products that is needed for analysis purposes. In contrast to the generic transaction, the risk object is not used to store transaction data on the database, and is used only for the term of the transaction.

risk object - Details

• 
  Key Concepts: 
  Risk object is a term used in the SAP IS-B-RA Risk Analysis component. It is an object that is used to represent a risk in the system. It contains information about the risk, such as its type, severity, and probability of occurrence. The risk object also contains information about the actions that can be taken to mitigate the risk. 
  
  How to use it: 
  Risk objects are created in the SAP IS-B-RA Risk Analysis component. They can be used to identify and analyze risks associated with a project or process. The risk object can be used to track the progress of risk mitigation activities and to monitor the effectiveness of those activities. 
  
  Tips & Tricks: 
  When creating a risk object, it is important to provide as much detail as possible about the risk and its associated mitigation activities. This will help ensure that the risk is properly identified and managed. Additionally, it is important to regularly review and update the risk object to ensure that it remains up-to-date and accurate. 
  
  Related Information: 
  For more information on SAP IS-B-RA Risk Analysis, please refer to the official SAP documentation at https://help.sap.com/viewer/product/IS_B_RA/731/en-US.