Building the Right Foundation for Governance, Risk, and Compliance (GRC)

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7
Previous Next

Click through for elements that should be addressed when building a solid GRC foundation, as identified by Vasant Balasubramanian, vice president of product management at MetricStream.

Lines of businesses, legal entities, functions, people, business processes, risks, controls, products, projects, programs, strategic initiatives, servers, facilities, suppliers – the business of doing business is complicated. And if we are to create a well-governed and risk-aware organization that reaches for the sky on the shoulders of GRC, then we need a simple and consistent way to handle all this complexity. Furthermore, as with all foundations, creating it requires a solid understanding of what we're going to put on top of it. So, a comprehensive GRC foundation will need to be informed by GRC activities such as policy management, risk management, supply chain governance, IT risk, security, etc., so that it, in turn, can support all these activities with a common framework.

Before we get ahead of ourselves, if you're still wondering what 'GRC' is, then here's a quick introduction to the topic. OK, with that out of the way, let's move on and enlist the help of our friendly neighborhood banana company, 'The Wide World of Bananas, Inc.' to be our role model for the day. "Why 'bananas'" you say? Well, that's easy – because they are yellow, healthy and such a fun fruit! And, like the banana, the business of growing and delivering them to your friendly neighborhood grocer hides more complexity than the surface lets on.

In this slideshow, Vasant Balasubramanian, vice president of product management at MetricStream, takes a closer at building a strong foundation for GRC.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
More Slideshows

Disaster10-190x128.jpg New Catalysts Driving Disaster Recovery Initiatives

Due to a variety of natural and manmade disasters – including cyber attacks – organizations are placing greater emphasis on DR initiatives. ...  More >>

DewaldInnovation0x How to Create a Culture of Innovation

The key to fostering entrepreneurial thinking is to establish a corporate culture that accepts failure and rewards effort and experimentation. ...  More >>

DataM59-190x128.jpg 6 Tips for Leveraging Open Source Technology

With some of the biggest names in tech leading the charge, open source technology is set to change the way we process, stream and analyze data. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.