Description

Introduction

Risk management and compliance are critical aspects of successful project execution. In SAP Project System (SAP PS), organizations can identify, assess, and mitigate project risks while ensuring regulatory compliance. SAP PS provides tools to monitor risk exposure, enforce governance policies, and integrate compliance frameworks into project workflows.

This course offers a structured approach to risk management and compliance within SAP PS. Participants will learn to configure risk tracking, implement mitigation strategies, and ensure alignment with industry regulations, minimizing financial and operational disruptions.

Prerequisites

• Basic understanding of SAP PS functionalities.

• Familiarity with project planning, execution, and reporting in SAP PS.

• Knowledge of enterprise risk management (ERM) concepts and compliance frameworks.

Table of Contents

1. Introduction to Risk Management in SAP PS

1.1 Importance of Risk Management in Project Execution
1.2 Identifying Risks in SAP PS Projects
1.3 Risk Categories: Financial, Operational, Compliance, and Technical Risks
1.4 SAP PS Features for Risk Monitoring and Mitigation

2. Risk Assessment and Analysis in SAP PS

2.1 Conducting Risk Assessments in SAP PS
2.2 Using Risk Matrices for Severity and Probability Analysis
2.3 Integrating Risk Data with Work Breakdown Structure (WBS)
2.4 Forecasting and Scenario Planning for Project Risks

3. Configuring Risk Management in SAP PS

3.1 Setting Up Risk Categories and Tolerance Levels
3.2 Assigning Risks to WBS Elements and Network Activities
3.3 Implementing Risk Mitigation Strategies and Contingency Plans
3.4 Automating Risk Alerts and Notifications in SAP PS

4. Compliance Strategies in SAP PS

4.1 Understanding Regulatory Requirements for Project Management
4.2 Configuring Compliance Rules and Validation Checks
4.3 Implementing SAP PS for Audit Readiness and Documentation
4.4 Ensuring Data Security and Access Control in Project Systems

5. Risk Monitoring and Control Mechanisms

5.1 Real-Time Risk Tracking and Reporting
5.2 Linking Risk Management with Project Performance Metrics
5.3 Using SAP PS Dashboards for Risk Visibility
5.4 Escalation Procedures for Critical Project Risks

6. Integration of SAP PS with Other Risk and Compliance Modules

6.1 Connecting SAP PS with SAP GRC (Governance, Risk, and Compliance)
6.2 Leveraging SAP PPM (Project Portfolio Management) for Risk Oversight
6.3 SAP PS and SAP CO (Controlling) for Financial Risk Management
6.4 Enhancing Compliance through SAP Audit Management

7. Case Studies and Best Practices

7.1 Common Challenges in SAP PS Risk and Compliance Management
7.2 Best Practices for Effective Risk Mitigation in SAP PS
7.3 Case Studies: Successful Compliance Implementation in SAP PS
7.4 Future Trends in Risk and Compliance Management for SAP PS

Conclusion

Managing risks and ensuring compliance in SAP PS is essential for project success. By integrating structured risk assessments, automated monitoring, and compliance frameworks, organizations can minimize disruptions and maintain project integrity.

This course provides professionals with the expertise to implement SAP PS risk management and compliance strategies effectively, ensuring resilience and adherence to industry regulations.