Implement Key GRC Strategies...................................................................
You can reduce risks, time, and cost by putting these plays into your GRC
playbook:
Promote effective business personnel participation.
Reduce effort by automating.
Segregate business and technical issues.
Attack the sources of problems to promote prevention.
Leverage processes to integrate best practices into the organization.
Set Yourself Up for Success ........................................................................
Here are some success factors that can help you ensure the success of your
GRC implementation project:
Identify the right people to help:
- Active executive participation
- A good project manager
- Decision makers
- People who can encourage collaboration among all parties
- People who have deep knowledge of the business processes
Employee and company knowledge are essential.
Don’t wait for the perfect time or future functionality.
Focus on priorities and methodologies.
Focus on high-risk areas, not all risks.
Watch Out for Danger Signs ........................................................................
Just like you work to ensure success, you have to watch out to look for signs
of the following problems as well:
A big bang approach.Don’t be overly ambitious. Do not implement all
the products at one time.
Unrealistic expectations.Make sure that management doesn’t believe
compliance can be achieved in a few weeks or when the project ends.
Chapter 16: Top Ten GRC Strategies 299
