Tag Archive: grc tool

How Can RMIS Support Risk Management?

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Published 07/10/2018

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.

What is Risk Management in Project Management?

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Published 03/29/2018

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…

Hidden Cost of Cyberattacks: What Automation Can Do to Save You Money

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Published 06/27/2017

In 2016, Deloitte published its white paper on the hidden cost of cyberattacks. The firm reported that of the fourteen “impact factors,” some are obvious while others are less so. Cyberattacks are not simply single moments in time. Their life cycles can take months or years to come to an end. The incident response lifecycle starts with the reactive phase of incident triage and occurs in the days or weeks following an attack’s discovery. This means contacting those impacted and getting the business back online. The second step, impact management, involves finding ways to fix any problems that led to the breach, or to adjust internal processes. Finally, the business recovery phase includes rebuilding or redesigning assets to help rebuild…

10 Probing Questions To Ask Your GRC Vendor

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Published 12/23/2016

Overview: Managing GRC-related work often seems like an overwhelming task. Fortunately, GRC software has helped many companies like Uber, Fastly, and ThousandEyes streamline the process. When considering the purchase of GRC software, one of the most important factors to consider are how a potential GRC software vendor’s feature set will meet a company’s individualized needs. How can a company establish the appropriate GRC program? What are the most important questions to ask when trying to hire a GRC vendor? Steve Stumpfl, VP of Sales at Tevora, offered insights on how to assess risk and what questions to ask while assessing tools and vendors to improve GRC practice. Key Learnings:   Searching for the right GRC tool means doing research: both…

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Defining Goals – an Excerpt from our GRC Software Buyers’ Guide

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Published 11/03/2016

When purchasing a GRC software tool, there are several steps that a business should take to find the best tool for their needs. In our last blog post we discussed conducting a compliance self assessment. Today we want to talk about the next phase – defining goals. Once you have assessed your current processes, it’s time to define what you hope to achieve with the implementation of a new compliance tool and plan out your strategy. Adopting GRC software will likely affect many different departments in your organization, and it is important to talk through the impact with all involved parties. Defining the specific requirements for each department up front and discussing the benefits of the tool will help get…

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