course | Governance, Risk and Compliance (GRC)

Connecting the GRC Environment
 

Understanding Integrated GRC
 

• Understand the relationships between governance, risk, compliance, controls, and assurance. 
• Identify the consequences of fragmented GRC processes and information. 
• Recognize where integration adds value without removing functional independence. 
   

Mapping the GRC Landscape
 

• Connect organizational objectives with processes, risks, obligations, and responsible functions. 
• Identify overlapping activities and gaps across GRC stakeholders. 
• Develop an Enterprise GRC Landscape Map for a simulated organization. 

Connecting Obligations, Risks and Controls
 

Translating Requirements into Business Impact
 

• Identify external obligations, internal requirements, and organizational commitments. 
• Determine which processes, objectives, and activities are affected by specific obligations. 
• Assess the risks created when requirements are not adequately addressed. 
   

Creating an Integrated Control View
 

• Connect controls with the risks and obligations they are intended to address. 
• Identify controls that support multiple requirements and organizational objectives. 
• Complete a GRC Control Mapping Exercise to uncover duplication and uncovered exposure. 

Establishing Ownership and Managing Issues
 

Clarifying GRC Accountability
 

• Define ownership for risks, obligations, controls, monitoring, and remediation. 
• Distinguish business ownership from oversight and independent assurance responsibilities. 
• Resolve accountability gaps across multiple GRC functions.
   

Managing Exceptions and Remediation
 

• Capture control failures, compliance breaches, risk events, and other GRC issues consistently. 
• Assess significance and determine appropriate remediation and escalation. 
• Complete an Integrated Issue Management Simulation involving interconnected risk and compliance failures. 

Coordinating Monitoring and Assurance
 

Building Connected Monitoring
 

• Determine what should be monitored across risks, obligations, controls, and emerging issues. 
• Develop indicators that provide meaningful information without creating reporting overload. 
• Connect changing conditions with reassessment and management action. 
   

Aligning Assurance Activities
 

• Map assurance provided by management, oversight functions, and independent assurance providers. 
• Identify assurance gaps, unnecessary duplication, and areas of excessive review. 
• Build an Assurance Coverage Map for a complex organizational process. 

Turning GRC into Management Intelligence
 

Creating Integrated GRC Reporting
 

• Consolidate risk, compliance, control, issue, and assurance information into a coherent management view. 
• Prioritize significant information instead of combining disconnected functional reports. 
• Present GRC information in a form that supports timely management decisions. 
   

Designing the GRC Operating Model
 

• Define roles, workflows, information flows, escalation paths, and coordination mechanisms. 
• Balance integration with appropriate independence and accountability between functions. 
• Complete an Integrated GRC Operating Model Lab connecting objectives, risks, obligations, controls, owners, issues, monitoring, assurance, and reporting.