Exposure to Business Risk Has Always Been a Concern
A Shift from GRC to IRM
Digital Risk Management (DRM)
Vendor Risk Management (VRM)
Business Continuity Management (BCM)
Audit Management (AM)
Enterprise Legal Management (ELM)
- Strategy-based; aligns with corporate mission and objectives for improved, comprehensive, decision-making
- Consolidated reporting from across the organization
- Removal of “silos” provides enterprise-wide awareness of risk
- Integrated view of risk provides full understanding, resulting in business opportunity, cost savings, competitive advantage, and business value
Is IRM right for your organization? Only you can decide. But one thing is certain—each organization needs to continue to evolve in how it approaches risk. More and more CEOs expect their risk management strategy to align with organizational goals and objectives. In the end, IRM ties your program and activities to something meaningful for the business.
If you would like to learn more about Integrated Risk Management, check out this IT Leadership Summit presentation entitled: Integrated Risk Management = Enterprise-Level, Strategic Decision Making.