Risk Management is at the heart of GRC and Principled Performance
Get a 100-page guide that spells out (almost) everything you need to know about risk and risk management
Get the Ultimate Guide to Risk and Risk ManagementPeople in Risk Management are a critical component
People who work in risk management must serve as experts and help their peers in other departments use the best techniques to manage risk. As well, they must be capable of owning and managing specific strategic risks to the organization.
Goals of Risk Management
The goals of risk management, include:
- Defining the risk management framework
- Identifying risks
- Assessing risks
- Addressing risks
- Measuring and monitoring risks
- Serving as a center of excellence to help other departments
Risk Management at the center of GRC
The role of Risk Management in GRC is more than just the "R" in the acronym.
The people who lead risk management must be experts who not only manage assigned risk areas, but also serve as a center of excellence for other departments to help effectively address risks across the organization.
Role of Others in Risk Management
Other GRC disciplines play a role in Risk Management.
It is essential that people who are not specifically charged with risk management also understand what their colleagues who work in risk management actually need.
This includes knowledge about:
- Risk management concepts and frameworks
- Ways to measure and report risk so that the c-suite and board can make better decisions
Risk Management is at the heart of GRC and Principled Performance
Get a 100-page guide that spells out (almost) everything you need to know about risk and risk management
Get the Ultimate Guide to Risk and Risk ManagementPutting Principles into Practice ™ is what we do
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