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Creation of Risk in Risk Management GRC V10.0

August 5, 2015 | 192 Views |
 Governance Risk And Compliancegovernance risk and compliance sap grcgrc10.0riskrisk-management
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Dear all,

 

The overview of this document is creation of risk in risk management with basics.

Hope it is helpful for others.

 

The prerequisites to create a risk we need to create required organization units and relevant risk categories

The organization units and Risk categories as created in master data work center

 

 

Risk can be created in Assessment work center.

Click on Risk and Opportunities

 

 

 

 

Click on Create to select type of risk

 

 

Where we can create different types of risks (Operational/Corporate) and Opportunity

 

 

We need to provide the risk name, select organization unit, risk category and select drivers and impacts for risk

To select the risk category from list we need to create required risk categories in master data work centers under

Risk and Responses at Risk Catalog

 

 

In master data work center we can create Risk Category and Risk Template, after creating, reflects under the classification hierarchy node and Risk Templates are created under risk category.

 

 

After providing required values we need to select Allow assignment is YES, then only we can select risk category while creating risk.

Now select the risk category for risk.

 

 

Now select, add the Impacts and Drivers

 

Drivers are nothing but events that could cause the risk to occur

Impacts are nothing but consequences if the risk event were to occur

 

We need to define Impacts and Drivers in SPRO:SPRO>GRC>Shared Master data Settings

 

 

 

 

Select Impacts and click on ADD

It will show the category and description which we maintained in SPRO

 

 

Repeat the same for drivers also.

We can assign multi drivers and impacts for Risk.

 

Now go to Roles tab in Risk

Initially roles tab does not show anything in role column to assign the owners

 

 

To assign role owner for risk in roles tab we need to maintain role assignment for entity in SPRO

SPRO>GRC>General Settings>Authorizations>Maintain entity role assignment

 

 

 

Click on Maintain entity role assignment, select the required entity with role

 

 

Now these role assignments will appear under roles tab of Risk

 

 

Now select the role and click on assign button to assign owners (we can assign single owners or multi owners also)

 

 

Now we can submit the risk

Once we click on Submit button then Risk status will be changed to active.

 

 

 

Regards

Baithi

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5 Comments

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      1. Baithi Srinivas Post author

        Hello Plaban,

        There are some master data contents are available in starter kits which are shared in process controls and Risk Management,

        It’s optional to use and depends on customer to customer

        To deploy those contents we are using CLM

        its mainly used for purpose of transporting master data from system to system.

        Regards

        Baithi

        (0) 

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