Analyzing Reports for SAP Risk Management

In SAP Risk Management, users have access to various reports designed to support decision-making and promote accountability. These predefined reports and dashboards offer a clear overview of the status of risk assessments and overall compliance. Also, the system allows for report customization by selecting relevant columns, facilitating detailed analysis, and ensuring that only the most important information is presented to key stakeholders.

Let's explore the key reports for Master Data and Risk Assessment.

Note

The Reports section is shared by the SAP Risk Management and SAP Process Control applications. Depending on the applications you have licensed, you may only have access to a subset of the reports. For example, if you have licensed both applications, you have access to all the reports. However, if you have only licensed SAP Risk Management, you only see the reports specific to that application. Similarly, if you have only licensed SAP Process Control, you only see the reports specific to that application.

SAP Risk Management Key Reports

As you are aware, master data plays a pivotal role in SAP Risk Management, as it forms the foundation of the control framework and organizational hierarchy. Therefore, gaining a comprehensive understanding of master data is essential, and this is facilitated through the standard reports provided.

The following are the most relevant reports in SAP Risk Management:

Risk and Control Matrix Report: Pictured above, this is a shared report for Process Control and Risk Management, that provides a detailed view of the relationship between the following master data elements: Organization → Subprocess → Risk → Control.
Risk Coverage: This report provides a clear view of how controls cover risks within an organization and its processes. It lists the controls assigned to each risk associated with a subprocess. By reviewing this report, you can identify any gaps in risk coverage and determine if new controls are necessary. For example, you can see which controls are in place for each risk and assess if additional measures are needed. This report helps you to make informed decisions about risk management and control implementation.
Risks Associated with Policies: This report provides the ability to access the local Risk Management risks associated with a certain policy, procedure, work instruction, and so on. It also can retrieve a report that lists all the policies, procedures, work instructions, and so forth, that the company associated with a risk.
Risk Catalog: Displays information on risks for a selected risk category.
Risk per organizational unit: This report shows risk, risk category, and residual risk level associated to Organizational unit.
Risk Impact Details: Displays detailed information per impact category for selected risks.
Risk Analysis comparison: This report shows the risk analysis comparison result of two defined periods based on organization/risk category/risk.
Risk Mitigation details: This report shows the responses that are assigned to the risk.

Management Dashboards

Risk Management provides visual displays of analysis risk data in your organization in the form of dashboards and a heatmap. These are found in the Reports and Analytics Fiori Space or work center.

A dashboard provides a graphic display of the most important information needed to accomplish one or more objectives. These are consolidated and arranged on a single screen, so that the information can be monitored briefly.

The following are dashboards in the Management section of the Reports and Analytics work center:

SAP Risk Management Dashboards

1. Heatmap

See the following "Heatmap" image.

A risk heatmap is a matrix with impact levels on the horizontal axis and probability levels on the vertical axis. Each cell in the matrix represents a risk level given the probability level and impact level.

For more information, see Using Heatmaps | SAP Help Portal

2. Overview Dashboard

Contains an overview of all risk data across an organization's risk structures and dependencies. For more information, see Using the Overview Dashboard | SAP Help Portal.

Business Example

As the Chief Risk Officer, Nancy Da Silva must constantly check the status and results of planned risk assessments and surveys in the organization to ensure the Risk Management environment.

With the Risk Heatmap dashboard, she can access all assessed risks by organization, activity, and risk category. She can dive deep into organization and risk category hierarchy risk results. With this dashboard, she could identify the risk which needs prioritization.

This tool enables her to effectively monitor and manage Risk Management processes within the organization General Accounting in CRG International, Inc.

Conclusion

We hope you found this course on Exploring SAP Risk Management insightful. You have discovered the six key capabilities of SAP Risk Management and their use cases. If you want to learn more about SAP Risk Management, visit our help portal.