PRM Presentation TERM PROJECT

2. Project Risk ManagementGRC Cloud Presented To DrNawar Khan Presented By Muhammad Javid Nawaz Spring 2021 Sap Id 30234

3. What is GRC Cloud? GRC (for governance, risk, and compliance) is an organizational strategy for managing governance, risk management, and compliance with industry and government regulations. GRC also refers to an integrated suite of software capabilities for implementing and managing an enterprise GRC program.

4. Scope of GRC • Today, the scope of GRC extends beyond your traditional financial or legal compliance to include components like performance management, sustainability, quality assurance, and even practices such as information security management, ethics management and business continuity planning. To gain a better understanding, imagine how the components in this diagram are integrated into each department or function of your business

5. Scaling GRC program for the cloud, emerging technologies, and innovation • Governance, risk, and compliance (GRC) programs are sometimes looked upon as the bureaucracy getting in the way of exciting cyber security work. But a good GRC program establishes the foundation for meeting security and compliance objectives. It is the proactive approach to cyber security that, if done well, minimizes reactive incident response

6. GRC Benefits • More Strategic Decision-Making. ... • No More Data Silos. ... • Improved Cross-Functional Communication. ... • Streamlined Management. ... • Greater Agility. ... • Explore Quantivate GRC Solutions:

7. GRC tools • Fusion Framework System - Best GRC tool for dependency visualization • Standard Fusion - Best GRC tool for internal audits • IBM Open Pages - Best enterprise GRC tool • Service Now Governance Risk and Compliance - Best GRC automation tool • SAI Global Compliance 360 - Best GRC tool for flexibility and customization • Navix Global Risk Rate - Best GRC tool for risk management • Enablon - Best GRC reporting tool • Riskonnect - Best GRC tool for usability and user experience • SAP GRC - Best GRC tool for first-party integrations • NasdaqBWise - Best GRC tool for visibility and oversight • Content and document management that helps businesses create, track, and store digitized content • Risk data management and analytics that help to measure, quantify, and predict risk—and determine steps to reduce it • Workflow management to help companies establish, execute, and monitor GRC-related workflows • Audit management to organize information and simplify processes for conducting internal audits • A dashboard that provides a central interface where key performance indicators relevant to business processes and objectives can be monitored in real-time

8. GRC approach • LEARN about the organization context, culture and key stakeholders to inform objectives, strategy and actions. • ALIGN strategy with objectives, and actions with strategy, by using effective decision-making that addresses values, opportunities, threats and requirements. • PERFORM actions that promote and reward things that are desirable, prevent and remediate things that are undesirable, and detect when something happens as soon as possible. • REVIEW the design and operating effectiveness of the strategy and actions, as well as the ongoing appropriateness of objectives to improve the organization.

9. GRC Services Deloitte’s governance, risk and compliance (GRC) services help clients tackle the broad issues of corporate governance, enterprise risk management, and effective corporate compliance, while offering specialized assistance in key areas such as financial reporting, tax, information technology, human capital, anti-fraud and dispute consulting, and financial advisory services.

10. Conclusion • The effective corporate governance, risk management and corporate compliance. • Attractive investments. • Helps keeping the companies directed and controlled. • Ensured Accountable. • Improves operational performance. • Gives Better access to capital. • It improves sustainability.