Organizations face constant challenges in creating and running their GRC programs. Each element of a GRC program may differ from one part of the organization to another and may be at different maturity levels due to priorities, culture, and resources to name a few. Below are groupings for what we are hearing from our prior clients:
Audit and Assessment (Where are we?)
- What do I need to comply with, and how?
- What do I need to track and measure for compliance?
- My staff are overwhelmed and don’t know where to start.
- Too many distractions from business goals.
Strategy Development (Where do we go?)
- My GRC program is not aligned with or supports my business goals.
- My governance is not providing the proper guidance and feedback on risk and compliance activities.
- I don’t have the resources and funds for an effective GRC program.
- Company culture is resistant to change.
- There are too many competing priorities.
- Unclear requirements for measuring success.
Strategy Implementation (How do we get there?)
- I can’t engage with the areas I need for input.
- Some areas don’t understand the value of governance and risk management.
- We implemented the recommended technology, but it didn’t solve our problems.
- Unclear recommendations and remediation work by subject matter experts.
- We’re always having to react to issues rather than proactively managing.
Risk Management (What may interfere with us?)
- What do I need to track and measure for risk?
- My enterprise risk management and operating risk management don’t speak the same language.
- We don’t know how to identify and measure our risks consistently.
SimpliGRC can help you filter and prioritize your challenges to effective improve your GRC needs
