Monte Carlo Scenario

[Former Member]

Hi,

I am working on SAP GRC Risk Management10.1 and want to know about Monte Carlo Scenario functionality. How it works, what are the configuration and how can we create?

Thanks in Advance.

Regards, Ranveer

[former_member205878]

Hello Ranveer,

You can find the details regarding the Monte Carlo scenerio in the below link -

https://help.sap.com/saphelp_grcrm10/helpdata/en/40/7e79b2963c4fef975784f18161a756/content.htm

Regards,

Silky Sharma

[former_member185447]

Hello Ranveer,

Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.

Monte Carlo simulation furnishes the decision-maker with a range of possible outcomes and the probabilities they will occur for any choice of action. It shows the extreme possibilities—the outcomes of going for broke and for the most conservative decision—along with all possible consequences for middle-of-the-road decisions.

Also, you can refer to GRC 340.

Regards,

Rakesh Ram M