3 Steps For Risk-Based Change Management in GRC

3 Steps For Risk-Based Change Management in GRC
Article

Too often, change management in GRC falls short, leading to disruption and lack of support for the critical risk and compliance activities that enable effective governance. The solution is to adopt a risk-based approach to change management.

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:

  1. 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.
  2. Prioritize Activities. A risk-based approach to change helps you prioritize resources and helps you make better business decisions.
  3. 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.

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