How does iGRCs support this work?
Establish a consistent risk view
Record strategic, operational, regulatory and third-party exposures using relevant categories and assessment criteria. Retain the context behind likelihood and impact judgements.
Connect risks with controls and response
Link risks to preventive, detective and recovery measures. Identify the work required where safeguards are incomplete or further treatment is needed.
Keep decisions and ownership visible
Assign accountable owners, connect actions and evidence, and use relevant indicators to support management reviews.
What does a practical workflow look like?
A leadership team identifies dependence on a critical supplier as a threat to a strategic objective. The risk owner assesses exposure, links supplier reviews and controls, assigns a treatment action and returns to the risk at the next management review.
This is an illustrative workflow rather than a customer case study.
How does enterprise risk management differ from operational risk management?
Enterprise risk management considers exposures across the organisation and their relationship to objectives. Operational risk management examines failures arising in day-to-day activities. A connected framework lets operational issues inform the enterprise view.
Which requirements are relevant?
Your framework can reflect internal governance policies, customer expectations and relevant risk management standards. Your organisation determines the assessment approach and the obligations it needs to address.
Frequently asked questions
Can we use our own risk categories and scoring approach?
Configuration and assessments can reflect your framework. Confirm the scoring, terminology and reporting requirements during evaluation.
How can incidents inform enterprise risk reviews?
Link incident records and corrective actions to relevant risks and controls so that reviews consider operational experience alongside existing assessments.
See iGRCs in action
Discuss your current process, the people involved and the evidence you need. We will demonstrate the relevant capabilities and explore an appropriate configuration.