In the ever-evolving landscape of Governance, Risk, and Compliance (GRC), organizations strive for a robust framework that not only navigates complexities but propels them toward success. Verterim's GRC Program Model is the guide our Strategic Advisory Consultants follow with our clients, encompassing five pillars meticulously designed to fortify the foundation of a seamless GRC implementation. As we delve into each pillar, discover how Verterim ensures a harmonious journey toward GRC program maturity, blending strategy, governance, program management, operational support, and strategic implementation.

Strategy: Guiding the Path to Success

Verterim's GRC Program Model commences with a strategic foundation. Strategic planning sets the stage by outlining business objectives and key deliverables necessary for accomplishment. Efficient roadmap development and management becomes indispensable for the successful implementation of the GRC strategy. The pillar of program maturity involves consistent measurement and benchmarking, offering corporations a clear view of progress, industry comparison, and the ability to demonstrate program benefits. A continuous improvement program ensures adaptability to stakeholders' needs, fostering a culture where recommendations for enhancements are welcomed between roadmap reviews.

Governance: Steering the GRC Ship

Verterim emphasizes program governance, defining a right-sized model that provides oversight, steers the direction of the GRC program, manages the program budget, and ensures compliance with external regulatory demands. Business function readiness is integral, establishing ownership roles and responsibilities crucial for the GRC Tool's success. Adhering to governing bodies' compliance is seamlessly integrated into the GRC Program, and the model remains agile in capturing emerging needs, guiding roadmap and budget planning.

Program Management: The Power of Oversight

Verterim's commitment to oversight is evident in program management. A three-layered reporting approach showcases the value of the program to the enterprise, while consistent communication to stakeholders ensures program success. An effective training plan for administrators and users becomes vital for seamless GRC Program implementation. Budgeting and forecasting, accounting for current and future expenses, sustains program growth and continuity.

Operational Support: Ensuring Continuity

Operational support becomes a linchpin in ensuring continuity. A change management process facilitates user-driven enhancements and requests. Defined production support processes are critical for the ongoing maintenance of the GRC Tool. Consistent and accountable release processes ensure system integrity, and efficient interaction channels are established between users, the GRC team, and IT resources.

Implementation: Choosing the Right Path

The implementation phase is where Verterim guides organizations in selecting the right-sized GRC Tool and licenses, paramount for success. A thoughtful process, including interviews and requirements analysis, ensures alignment with program goals. Additional resources, such as What We Do, Education, Free Maturity Assessments, and Partners, enrich the GRC journey.

In conclusion, Verterim's GRC Program Model is not just a framework; it's a strategic blueprint for success. By intertwining strategy, governance, program management, operational support, and meticulous implementation, organizations can confidently navigate the complexities of GRC. Verterim's commitment to excellence shines through each pillar, ensuring a path to sustained success. Explore the enriched GRC journey with additional resources available through What We Do, Education, Free Maturity Assessments, and Partners pages on our website.

Jeff Avery
Post by Jeff Avery    
January 18, 2024