Difference between revisions of "GRC"

Latest revision as of 05:58, 26 September 2020

Governance, Risk & Compliance management processes

Governance, Risk & Compliance is a Term describing the management processes related to corporate governance, risk management and regulatory compliance. Governance, Risk & Compliance recognizes 7 management process areas:

These management processes typically also exist within other domains to support the domain specific requirements. For example, Supply Chain Risk Management addresses the specific risks associated with operating supply chains.

Use Cases

Business Process Management
Performance Management
Supply Chain Performance Management
Sarbanes-Oxley Act of 2002 (Policies & Procedures)
Segregation of Duties (Controls)
Supply Chain Risk Management

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Hierarchy

ID	Name	Level	x
GRC	Governance, Risk & Compliance	1	GRC
GRC1	Strategy Management	2	GRC1
GRC2	Policy and Procedure Management	2	GRC2
GRC3	Business Process Management	2	GRC3
GRC4	Performance Management	2	GRC4
GRC5	Risk Management	2	GRC5
GRC6	Controls Management	2	GRC6
GRC7	Audit Management	2	GRC7

Term(s)

ID	Name	x
GRC3	Business Process Management	GRC3
SOX302	Corporate Responsibility for Financial Reports (SOX 302)	SOX302
ESG	Environmental, Social, and Corporate Governance	ESG
SOX404	Management Assessment Of Internal Controls (SOX 404)	SOX404
GRC4	Performance Management	GRC4
SOX	Sarbanes-Oxley Act of 2002	SOX
SOD	Segregation of Duties	SOD
SCRM	Supply Chain Risk Management	SCRM

Governance, Risk & Compliance 0 1 Corporate, GRC, Governance, Risk, Compliance

@@ Line 1: / Line 1: @@
-{{update}}
+[[File:GRC.png|thumb|{{this}} management processes]]{{this}} is a [[Term]] describing the management processes related to corporate governance, risk management and regulatory compliance. {{this}} recognizes 7 management process areas:
-[[File:GRC.png|thumb|Management process areas of {{this}}]]{{this}} is a [[:Category:Term|Term]] describing the policies and procedures related to corporate governance, risk management and regulatory compliance. {{this}} recognizes 7 management process areas:
+# [[t:GRC1]]
-* Strategy Management
+# [[t:GRC2]]
-* Policy and Procedure Management
+# [[t:GRC3]]
-* Business Process Management
+# [[t:GRC4]]
-* Performance Management
+# [[t:GRC5]]
-* Risk Management
+# [[t:GRC6]]
-* Controls Management
+# [[t:GRC7]]
-* Audit Management
+These management processes typically also exist within other domains to support the domain specific requirements. For example, [[t:SCRM]] addresses the specific risks associated with operating supply chains.
 ====Use Cases====
-* [[t:BPM]]
+* [[Link::t:GRC3]]
-* [[t:PM|Performance Management]]
+* [[Link::t:GRC4]]
-* [[t:SCPM|Supply Chain Performance Management]]
+* [[Link:t:SCPM|Supply Chain Performance Management]]
-* [[Link::t:SOX]]
+* [[Link::t:SOX]] (Policies & Procedures)
-* [[Link::t:SOD]]
+* [[Link::t:SOD]] (Controls)
 * [[Link::t:SCRM]]
 {{object
 |name=Governance, Risk & Compliance
 |sort=0
-|level=0
+|level=1
 |keywords=Corporate, GRC, Governance, Risk, Compliance
 |description=
 }}
 [[Category:Term]][[Category:Practice]]