Best Practice Report

Best Practices: Implementing A Governance, Risk, And Compliance Program

October 7th, 2008
Christopher McClean, null
Christopher McClean
With contributors:
Lauren Nelson , Stephanie Balaouras , Khalid Kark , Alissa Dill

Summary

Software applications for managing governance, risk, and compliance (GRC) continue to mature with impressive features and functions. Even more impressive are the organizational and strategic advancements companies are making by closely linking these three traditionally distinct functions; benefits include reduced risk exposure, lower audit costs, better overall compliance, and more informed decision-making. To identify the best practices for implementing a GRC program and realizing these benefits, Forrester interviewed 21 professionals who have demonstrated success in this area and 23 software vendors that market GRC products. To replicate similar success in your GRC program, you will need to focus on selling GRC value, practicing good GRC project management, and embedding GRC into corporate culture.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.