IT Governance

IT Governance with GRC

IT Governance has several components to be managed where ITSM tools might likely to be insufficient for demanding organization. Most common IT Governance use cases that is being utilized within a GRC Platforms are listed below: 

  • IT Management Frameworks (COBIT etc)
  • IT Risk Management
  • IT Supplier Management
  • IT Security Management
  • IT Project Risk Management
  • IT Control Assurance
  • IT Policy Management
  • IT Audit Remediation Management

Related GRC Software Features

GRC Platforms have several functionalities to kick-start and manage different IT Governance processes. Some of relevant GRC software functionalities are listed below: 

  • Pre-loaded Authoritative Sources
  • Pre-loaded policies and controls
  • Auto-launch control testing
  • Auto-initiated risk reviews
  • Pre-defined integrated control framework
  • Auto-launch risk questionnaires
  • Approval workflows
  • Issues and Exception Management

Process Level Benefits

Implementing IT Governance related processes with a GRC software provides improved strategic alignment, value delivery and resource management on processes. Here are some process level benefits listed below: 

  • Visibility by improved risk identification
  • Effectiveness by automated risk analysis
  • Fast implementation of control frameworks
  • Accountability during risk treatment and remediation
  • Real time control compliance monitoring

Integrated GRC Benefits

Implementing IT Governance related process with a GRC software has extreme benefits as many enterprise value protection domains are also handled by IT in a smaller scope such as Compliance, Risk, Audit, Incidents, Security, Privacy and Business Continuity Management. Some of these benefits are listed below: 

  • Fast implementation of IT management frameworks
  • Integration with information security processes
  • Agility in regulatory change and IT compliance adaptation
  • Integration of DR Planning with BC Planning
  • Improved mapping to objectives, hierarchy and assets

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