About BWise


The GRC Journey

March 7, 2012 by
Filed under: General, Governance, Risk and Compliance

BWise always seems to have been in the travel business. When BWise sold process optimization projects, or business transformation, we always advocated the concept of thinking big, and starting small. Governance, Risk Management and Compliance is not any different. For many, this is such an over-arching idea, that the concept needs to be digested step by step.

In over eighteen years, BWise has learned which methods work and which ways work less well. To impart this understanding we need to take you on a GRC Journey. On this journey BWise may serve as the GRC platform tour guide. An important aspect of the Journey is to define a common risk language. It is important to get the definitions straight, even in the smallest of sub-projects. How do we define a risk, how do we deal with causes, risk triggers, consequences? I recently witnessed a session where control execution, control testing, control assessments, risk & control self-assessments, control monitoring, control reviewing were all used for very similar processes in different departments. Having alignment is key. This is just one of the many lessons learned.


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Tags: BWise, Risk, GRC, IT Governance, Compliance

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