{"id":334,"date":"2012-11-20T07:10:29","date_gmt":"2012-11-20T07:10:29","guid":{"rendered":"https:\/\/www.happiestminds.com\/blogs\/?p=334"},"modified":"2024-04-11T09:10:19","modified_gmt":"2024-04-11T09:10:19","slug":"why-is-it-much-better-to-start-your-grc-improvement-program-with-metrics","status":"publish","type":"post","link":"https:\/\/www.happiestminds.com\/blogs\/why-is-it-much-better-to-start-your-grc-improvement-program-with-metrics\/","title":{"rendered":"Why is it much better to start your GRC improvement program with Metrics"},"content":{"rendered":"
<\/div>

Because, metrics can provide realistic and factual data. However, designing and implementing a metrics program for any GRC<\/a> processes has been more challenging than designing and implementing the processes.<\/p>\n

Benefits from Metrics program:<\/strong><\/h3>\n

There are many but a few that are worth noting are<\/p>\n

    \n
  1. It enables both IT and Business leadership with significant data points about risks, controls, gaps, mitigation efforts required, compliance<\/a>, user awareness and so on.<\/li>\n
  2. It helps to gain control over your risk & security<\/strong><\/a> posture. Whether good or bad you know for sure that you are very much in the know and that is the foremost thing any GRC leader strive for<\/li>\n
  3. It helps you lay down a controlled roadmap for improving your risk & security posture<\/li>\n
  4. Measuring controls performance helps measure ROI on security & GRC initiatives<\/a><\/strong><\/li>\n
  5. Most importantly, it can help predict, prioritize and perform your investments, something every business leader desires for.<\/li>\n<\/ol>\n

    Top pointers that need to be evaluated while designing a metrics program <\/strong><\/h3>\n
      \n
    1. Keep it simple and avoid big bang approach<\/li>\n
    2. Know what is to be measured, why it should be measured and how it should be measured<\/li>\n
    3. Decide on data collection, analysis and reporting methods including securing them\n
        \n
      1. Because, metrics provide significant data points that need to be secured<\/li>\n
      2. Organize resources for measurement including necessary sponsorship and collaboration required<\/li>\n
      3. Collect, Analyze, Report and Improve measurement so that you can improve your overall risk & security posture<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

        Remember, you can measure controls whether procedural or technological, processes as well as risks & gaps. Measuring risks are probably the most challenging as risks tend to be a composite of multiple factors that need to be rolled up for better visibility. So, it is important to be able to create a risk value chain so that rolling up makes sense for you.<\/p>\n

        \r\n
        \r\n \r\n <\/i>\r\n <\/a>\r\n 0 <\/span>\r\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"

        Because, metrics can provide realistic and factual data. However, designing and implementing a metrics program for any GRC processes has been more challenging than designing and implementing the processes. Benefits from Metrics program: There are many but a few that are worth noting are It enables both IT and Business leadership with significant data points […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[],"class_list":["post-334","post","type-post","status-publish","format-standard","hentry","category-security"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t