A risk management information system (RMIS) allows you to automate many of the difficult to organize tasks involved in compiling, storing, and communicating risk information.
Tag Archive: grc automation
At first glance, project management and enterprise risk management have few similarities. Project management focuses on creating something new while enterprise risk management focuses on ending an existing threat. In reality, the two parallel one another which is why both can use agile processes to create stronger, more efficiently obtained outcomes. What is Risk Management on Projects What is Project Management? Project management incorporates the varied activities to bring projects from the idea stage through to finalized development. These activities include the project or phase initiation, timetable creation, information distribution, change and adjustment observation, and data compilation at project completion. What Skills Does a Project Manager Need? Since the project manager implements the strategies, the individual must possess both strong…
Enterprise Risk Management (ERM) programs require building a program around your organization's strengths similar to a creating a strong deck for a tabletop game.
Using automation can help make these five steps to developing a corporate compliance program more efficient.
Enterprise risk management involves reviewing internal and external risks to your organization and determining your tolerance and controls.
Compliance managers act as the C-3POs of the compliance landscape. Similar to C-3PO monitoring etiquette and protocol, compliance managers maintain a company’s legal and ethical integrity through policy planning and enforcement. What is a compliance manager? Your compliance manager, often referred to as a compliance officer, ensures your organization remains within the strict boundaries of regulatory requirements and meets all official standards governing your business. In the same way that C-3PO continually monitored protocols for the Rebellion, your compliance manager oversees all of your risk management activities. What is Compliance? Compliance means following orders and directives. In supporting these directives, compliance managers fulfill five essential functions. After identifying business risks, they design and implement controls as part of your compliance…
Choosing a governance risk and compliance tool is like Mad-Eye Moody choosing a 360-degree eye. To become a GRC Auror you need constant vigilance!
Third party risk management is like hosting a party - and your automation system is the equivalent of using a web based platform for invitations.