EGRCs

 

I have my own read for the EGRCs (Enterprise Governance, Risk and Compliance); which is recently evolving and growing fast.. In my above illustration I had used the PMBOK approaches to provide a practical and easy-to-implement framework..

Compliance is to deliver what is agreed; while Quality is to define Delivery's Form, Contents and Specifications to agree and the methods to execute, commission and deliver..

Risk is no longer opportunities or threats to deal with; but been Ready, Prepared and Agile to respond to the frequent change as per the business circumstances and timely preferences

Governance is the greatest mystery among most professionals, whereas is usually confused with quality.. I believe it has lots of sociopolitical aggregates that constitute the true hurdles to comprehend and practice; particularly among developing nations..

In all what we study, read, practice or advocate; we inevitably and unconsciously interpret seed of our collective culture and moods.. Therefore, professionalism is never apart from the sociopolitical status que.. 

This is why; many good concepts (and professionals) are surprisingly suffocate and diminish..

The Future of Enterprise Governance, Risk & Compliance

 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅:- https://lnkd.in/dwrjKhDc
 
EGRC stands for Enterprise Governance, Risk Management and Compliance. EGRC refers to how an enterprise addresses governance, manages risk and compliance by creating policies, procedures, regulatory controls, risk assessment, risk monitoring and internal controls that employees must adhere to company-wide.
 
How to improve EGRC:
 
1. Plan for the future using real-time performance data, forecasts, and models.
2. Create business scenarios based on economic or environmental changes.
3. Standardize procedures company-wide.
4. Address what-if scenarios.
5. Anticipate business risks based on qualitative data, financial and non-financial information.
6. Place controls on data.
7. Develop internal controls and standardized workflow.
8. Monitor business metrics.
9. Equip your people with the processes and technology to maintain compliance and manage risks.

https://www.polarismarketresearch.com/industry-analysis/enterprise-governance-risk-compliance-egrc-market/request-for-sample?utm_source=kunal&utm_medium=kunal&utm_campaign=kunal&utm_id=kunal&utm_term=kunal&utm_content=Kunal