Risk Management in PS

Question

Hi everyone!
Does anyone know if the there's any functionality in SAP to handle Risk Management?
What the client needs to know is if SAP has any available tool to manage risks in project. When they are building up the solution for a client, they consider several risks that may arise. And during the execution of the project, they monitor those risks constantly. They can occurr or not, and sometimes other risks not detected can arise and have to be handled. Do you know if there's something in PS to address this?
Thanks in advance!
Regards,
Thalos.

Answer 1

Hi
Yes, it is possible to handle risk management in SAP PS.
Risk management need to consider the following:-
a) Event: What could happen?
b) Probability: How likely is it to happen?
c) Impact: How bad will it be if it happens?
d) Mitigation: How can you reduce the Probability (and by how much)?
e) Contingency: How can you reduce the Impact (and by how much)?
f) Reduction = Mitigation X Contingency
g) Exposure = Risk u2013 Reduction
Event you need to link with your network activities, means each activity you need to identify the risk involved.
Probability and Impact of the risk should be recorded on each activity which can be done through user fields.
For Mitigation and Contingency you can use DMS to maintain on each network activity.
If any Risk/ event occurred on an activity which you can identify through user status, and reporting can be done through notification.
If detailed mitigation plan need to be recorded you can record it through notification using class and charecteristics in order to record the values.
Create a Query / Z report to analyse the risk.
Tnx.
Abdul