Managing change is hard. Change impacts risk and compliance requirements, policies and related procedures. It demands systems and assignments of responsibility to:
- Flag triggers for change,
- Archive older versions of things we are changing, and
- Notify relevant parties of the changes that have occurred.
But how often do we ask ourselves these questions as we make those changes:
- What is the ripple effect of the change throughout the organization?
- How do we plan this change so that it doesn’t disrupt the business or another functional area?
- How are we going to communicate this change?
- How do we navigate the functional silos of the organization?
- How do we help the organization quickly realize new requirements, risks, and benefits?
Too often, change management in GRC falls short – which leads to disruption. Critical risk and compliance activities, that enable effective governance, are not supported.
The solution is to adopt a risk-based approach to change management. With a risk-based approach you can increases efficiency in operations. And improve collaboration at an enterprise level.
There are three key steps to take:
- Use the Language of Change Management. A common taxonomy makes it easier to share information across the organization. It also helps you identify the people and processes affected by a change.
- Prioritize Activities. A risk-based approach to change helps you prioritize resources and helps you make better business decisions.
- Demonstrate Benefits. A business case for managing change allows you to apply best practices. You can use third party studies about a risk-based approach to traditional governance to guide you.
Join OCEG and our GRC Solutions Council Member, LogicManager, for a deep discussion in our March 3rd webinar. Just click on the button below to register for free.
