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Governing the Infrastructure.

David A. Kelly

Better Risk Management - CA's GRC Manager 2.0

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No one wants to spend more time then they really have to managing compliance or risk. For small companies, it's generally not a big deal--but for mid-sized or large companies, risk and compliance management can be huge. Dealing with, quantifying, and prioritizing potential risks is difficult and time consuming.

That's why CA's new version of its GRC Manager, CA GRC Manager 2.0 is a nice option for companies concerned about risk management.

The product seeks to increase business insight into risk management by providing a framework for facilitating risk identification, assessment and mitigation.

One of the problems with risk management, governance, and compliance has been a tendency for organizations to address them individually--risks or compliance objectives in one area don't necessarily translate or carry over into others. What was lacking was a holistic platform for more consistent and centralized risk management.

To help organizations make that transition, CA's GRC Manager 2.0 includes a common risk management framework that helps provide a consistent (there's that word again!) approach to risk identification, risk assessment, and risk metrics. While the risk may be different across an organization, it's important to have a baseline foundation that can help tie it all together.

I think this is a good example of the types of broader, more business-focused risk management and compliance products that we'll be seeing more of over the next few years.

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David A. Kelly's blog explores how organizations can increase the effectiveness and efficiency of their business processes and IT infrastructure through proper governance.

David A. Kelly

David A. Kelly is a monthly columnist and Blogger for ebizQ. View more

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