Select and Implement a Governance, Risk, and Compliance (GRC) Solution
Synchronize your enterprise governance, risk, and compliance to optimize operational efficiency.
Without a GRC solution, an organization runs the following risks:
- Regulatory fines from inconsistent/unenforced policies and procedures inefficiently distributed to users.
- Unidentified and unmanaged risks and threats inhibiting corporate goals.
- Wasted resources attempting to manually centralize and manage assets, audit, financial control, etc. information.
Implementing a GRC solution across the organization results in:
- Centralized policies and procedures, supporting compliance requirements.
- Smarter strategic decisions, while risks and opportunities are identified.
- Strengthened collaboration across departments, from IT and security, to audit and legal.
Module 1: Launch the GRC Project
- Understand the GRC marketspace.
- Plan the GRC procurement process.
- Identify the use case scenarios that align with your GRC requirements.
- Determine baseline metrics to evaluate the solution’s effectiveness.
Key Benefits Achieved
- Be aware of the options existing and where the market is going with respect to GRC solutions.
- A formally documented procurement process will keep the process on track as individuals are aware of roles, responsibilities, deadlines, etc.
- Focus on the use case scenario that applies to your organization.
- Assess your GRC solution based on concrete metrics that matter.
|1.1||Discuss the current GRC market.||
|1.2||Determine if a GRC solution is right for you.||
|1.3||Develop the GRC Procurement Charter.||
|1.4||Identify your best-fit use-case scenario.||
|1.5||Brainstorm baseline metrics and target goals to gauge the solution’s effectiveness.||
Module 2: Plan Your Procurement and Implementation Process
- Review the vendor profiles to understand strengths, weaknesses, and challenges.
- Customize the RFP to submit to vendors.
- Ensure vendor demos focus on the features you care about, rather than simply highlighting their strengths.
- Learn from best practices to streamline the implementation process and leverage all available resources to get started.
Key Benefits Achieved
- Select a solution that meets your requirements and fulfills your specific needs. What’s best for one organization isn’t necessarily best for everyone.
- Save time developing the RFP to share the statement of work, scope of work, requirements, budget & estimated pricing, etc.
- Realistic view of the products performing relevant tasks.
- Simplified and efficient implementation plans.
|2.1||Analyze the vendor landscape.||
|2.2||Create a custom vendor shortlist.||
|2.3||Develop Request for Proposal (RFP).||
|2.4||Standardize a Vendor Demo Script.||
|2.5||Plan the implementation, including building, testing, and rolling it out.||