isacaabj My Take Home in just concluded monthly webinar “HARNESSING GRC CAPABILITIES AND TECHNOLOGY TOOLS FOR PERFORMANCE AND BUSINESS GROWTH” - ISACA Abuja

My Take Home in just concluded monthly webinar “HARNESSING GRC CAPABILITIES AND TECHNOLOGY TOOLS FOR PERFORMANCE AND BUSINESS GROWTH”

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My Take Home in just concluded monthly webinar “HARNESSING GRC CAPABILITIES AND TECHNOLOGY TOOLS FOR PERFORMANCE AND BUSINESS GROWTH”

Principle of Principled Performance –

Every forward-looking GRC program enables value preservation by asking the following questions: what emerging risk could impact your organization in the future? How prepared is the organization? How can we minimize the impact and duration of risk and non-compliance events? Do they have a documented procedure on how to respond? Are you staying ahead of an ever-changing landscape?

Principled performance is an approach to business that helps organizations reliably achieve objectives, address uncertainty and act with integrity.

Reliable

Disciplined – Ensure that the organization manages, governs, and provides assurance.

Consistent: Achievement of objectives is consistent and with relatively few surprises

Accurate: Information can be trusted, reasonably free from error and bias

Achievements of Objectives

Intentional: Objectives are stated and not accidental

Measured: Performance is measured

Visible: Performance is transparent to stakeholders

Addressing Uncertainty

Holistic: Uncertainty about the future includes both risk and reward

Proactive: You must proactively manage the pursuit of reward mindful of the risk

Rigorous: You can be wrong – but must be thoughtful and rigorous  

Acting with Integrity

Mandatory: Honor mandatory promises compelled by stakeholders and required by regulatory authorities or law.

Voluntary: Honor voluntary promises made to stakeholders

Realistic: Clean up the mess if a promise is broken

The GRC in Principle of Principled Performance

Governance is the act of externally directing, controlling and evaluating an entity, process or resource – Reliable achieve objectives.

Risk Management is the act of managing processes and resources to address risk while pursuing reward – Addressing uncertainty.

Compliance is the state of being able to prove fulfilment of a requirement – Acting with integrity.

Universal outcomes of principled performance

 

GRC Strategy Success Factors

Don’t boil the ocean.

Find quick wins to prove the business case.

Don’t reinvent the wheel.

Don’t do it alone.

 

 

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