Governance, Risk, and Compliance
Overview
Governance, risk and compliance (GRC) refers to a strategy for managing an organisation’s overall governance, enterprise risk management and compliance with regulations. Think of GRC as a structured approach to aligning IT with business objectives, while effectively managing risk and meeting compliance requirements.
A well-planned GRC strategy comes with lots of benefits: improved decision-making, more optimal IT investments, elimination of silos, and reduced fragmentation among divisions and departments, to name a few.
1- How does GRC work?
Organisations develop a GRC framework for the leadership, organisation and operation of the organisation’s IT areas to ensure that they support and enable the organisation’s strategic objectives. The framework specifies clearly defined measurables that shine a light on the effectiveness of an organisation’s GRC efforts.
Although there are many good software options available to help streamline GRC operations, GRC is more than a set of software tools.
CTSS looks to support organisations by guiding them through this process providing bespoke frameworks applied to their operational needs.
2 – What is key to a successful GRC implementation?
The decision-making, resource and portfolio management, risk management, and regulatory compliance functions included in a GRC framework will not be effective unless the organisation’s executive leadership really supports the cultural change.
This is why as part of GRC implementation we provide carefully thought out training to the executive team to ensure the changes needs become part of your organisations DNA.
3- Who is GRC for?
GRC can be implemented by any organisation – public or private, large or small – that wants to align its IT activities to its business goals, manage risk effectively and stay on top of compliance.
GRC if for any organisation that wants to sure that their operations, teachings, research, outreach, and decisions are made most effectively and with minimal bloat in the forms of cost and time.