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