What is implicit risk in SAP PM - Plant Maintenance?

SAP Term: implicit risk

• Component: PM

• Component Name: Plant Maintenance

• Description: A risk that is not explicitly identified in a maintenance order or maintenance task list but implied by the assignment of a safety measure.

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• Key Concepts: 
  Implicit risk in SAP Plant Maintenance (PM) is a type of risk that is not explicitly stated or identified, but is still present and can have a significant impact on the success of a project. It is often caused by external factors such as changes in the market, technology, or regulations. It can also be caused by internal factors such as inadequate resources or lack of knowledge. 
  
  How to use it: 
  In order to effectively manage implicit risk in SAP PM, it is important to identify potential risks and develop strategies to mitigate them. This can include conducting regular risk assessments, developing contingency plans, and monitoring changes in the external environment. Additionally, it is important to ensure that all stakeholders are aware of the risks and are prepared to take appropriate action if necessary. 
  
  Tips & Tricks: 
  When assessing implicit risk in SAP PM, it is important to consider both the short-term and long-term impacts of the risk. Additionally, it is important to consider the potential impact of the risk on other areas of the business such as customer service or financial performance. 
  
  Related Information: 
  Implicit risk management is an important part of any successful SAP PM project. For more information on how to effectively manage implicit risk in SAP PM, please refer to the SAP Help Portal or contact your local SAP consultant.