Operational resiliency is essential in times of crisis. And a comprehensive business continuity program helps organizations plan for, and succeed through, a range of possible events — natural disasters, pandemic illness, equipment or facilities failures, and other incidents that could interrupt critical business processes. But sometimes the scenarios that seem least likely to happen get neglected in business continuity plan updates. Recent events surrounding the novel coronavirus outbreak and subsequent declaration of a global…
Governance, risk, and compliance management is not a new concept. Whether organizations call it GRC, integrated risk management (IRM), enterprise risk management (ERM), or something else, the necessity and strategic advantage of an effective management program is widely recognized. However, what a successful GRC program looks like is changing, and must change, to reflect an evolving business environment. Organizations can no longer get by with manual, disconnected management methods. Spreadsheets, differing data and processes…
Explore Quantivate's top GRC resources of 2019, with informative guides and tools for managing enterprise and vendor risk, business continuity, compliance, and more.
What does an effective ERM program look like? In part 1 of our exploration of the top 10 risk management fundamentals, we reviewed ERM basics such as program setup and documentation, ERM roles and responsibilities, and more. Next, we'll take a look at five more program elements that help establish a comprehensive approach to assessing and managing risk. "When an organization has effective ERM, their ability to make better business decisions is greatly enhanced,"…
The Risk Management Society (RIMS) defines enterprise risk management, or ERM, as “a strategic business discipline that supports the achievement of an organization’s objectives by addressing the full spectrum of its risks and managing the combined impact of those risks as an interrelated risk portfolio.” If a strategic, comprehensive, integrated approach to assessing and managing risk is the ultimate goal — then what specific elements make up a successful ERM program? Let’s take a…