3 Ways IRM Offers a Path Forward for Fragmented Risk Disciplines - Including GRC

In the dynamic world of business, organizations are constantly exposed to myriad threats and risks. To tackle these challenges, companies traditionally deploy different risk management disciplines tailored to address specific facets of risk. These disciplines include Operational Risk Management (ORM), Information Technology Risk Management (ITRM), Enterprise Risk Management (ERM), and Governance, Risk and Compliance (GRC). GRC is most often the outlier among these risk management disciplines due to its legacy nature as a standalone function. While this was accepted in the past, it is a significant barrier to more effective ways of managing risk.