A World-Class Enterprise Risk Management (ERM) or Governance, Risk and Compliance (GRC) program offers numerous benefits to organizations of all sizes and across various industries. Here are 20 key elements needed for the creation of an efficient, effective, and successful program: 1. Mission Statement Purposeful connection of strategy and tactics 2. Framework – Part A[…]
When it comes to any discussion involving the acronym GRC (Governance, Risk and Compliance), understanding the speaker’s frame of reference is paramount. From a vendor’s perspective, GRC refers to an automated suite of capabilities designed to address a broad range of challenges associated with critical disciplines managed by the client (e.g. compliance, risk management, audit,[…]
Almost every blog entry listed here makes some reference to a Governance, Risk, and Compliance (GRC) software tool and how it can help you manage cyber risk. But what if you don’t have one of these? What about spreadsheets? Or home grown database tools you made yourself and are certain are “good enough”? And suppose[…]
Third Party Risk Management (TPRM) is more than just management of a group or category of business relationships. It is a program unto itself with its own unique characteristics and methods. Too often, TPRM is viewed and undertaken as a procurement process subset. That can lead to a collection of discrete transactions managed on a[…]
Thirty-five years ago, my first article was published in a professional journal. It was the outgrowth of a talk I gave at a business conference on the use of computer generated graphical information reporting. In 1987 those technologies were in their infancy. Computerized business graphics, pie, line, and bar charts, generated using desktop systems and[…]