What is risk status in SAP PPM-PFM - Portfolio Management?

SAP Term: risk status

• Component: PPM-PFM

• Component Name: Portfolio Management

• Description: An indicator of the current risk level for a portfolio item. The risk status is determined by comparing the risk to predefined thresholds. &EXAMPLE& The thresholds are: Red = risk is >50% Yellow = risk is 30-49% Green = risk is <30% The current risk level is 37% In this case, the risk status indicator shows yellow.

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• Key Concepts: 
  Risk status is a feature of SAP Portfolio and Project Management (PPM-PFM) that allows users to identify and assess the risks associated with a project. It is used to determine the likelihood of a project's success or failure, and to identify potential areas of improvement. The risk status is determined by analyzing the project's objectives, resources, timeline, budget, and other factors. 
  
  How to use it: 
  To use the risk status feature in SAP PPM-PFM, users must first define the project's objectives and resources. Then, they must analyze the timeline, budget, and other factors to determine the likelihood of success or failure. Once this analysis is complete, users can assign a risk status to the project. This risk status can be used to identify potential areas of improvement and to make decisions about how best to proceed with the project. 
  
  Tips & Tricks: 
  When using the risk status feature in SAP PPM-PFM, it is important to remember that it is only as accurate as the data that is used to determine it. Therefore, it is important to ensure that all relevant data is taken into account when assessing the risk status of a project. Additionally, it is important to regularly review and update the risk status as new information becomes available. 
  
  Related Information: 
  The risk status feature in SAP PPM-PFM can be used in conjunction with other features such as cost management and resource management. Additionally, it can be used in combination with other tools such as project management software and risk management software.