Thursday, January 5, 2023

Initiateagilegrc

11:26 AM Pearl Zhu No comments

The flavor of GRC practices depends on the nature of the business and the level of the organizational maturity.

Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity.

Hence, GRC (governance, risk management, and compliance) becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? Can you achieve any level of GRC without automation? Can you achieve any level of GRC without people? What is the real driver of GRC? Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

Initiate Agile Governance

Initiateagilegovernance Governance is like a steering wheel, to ensure your project or business as a whole to run towards the right direction. However, the traditional governance processes are overly rigid, not flexible enough to adapt to the accelerating speed of changes and business complexity. What's Agile governance all about, and what’re the best practices and next practices, and what’re the pitfalls that need to be avoided?

Initiateinnovationgovernance The digital era upon us is about innovation, choice and people. Innovation is high-risky because more often you are doing something that hasn't been done before. Governance is critical for meaningful innovation as it provides monitoring and enforcement mechanisms to corporate management.

Innovategovernance To survive the “VUCA '' new normal, GRC becomes more critical than ever in digitalized organizations with extended business boundaries in an increasingly flat world and the desire for more innovation will make governance issues more complex. Corporate governance includes interdisciplinary principles and practices, helping to manage collaborative business results with consistent deliveries.

InitiateAgileGovernance Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. Defined as "specifying the accountability and decision rights framework"

ITAgilegovernance Change is the new normal for businesses today, there are culture changes, process changes, or software change management, etc. Agile is about being able to efficiently respond to change. Various Agile methodologies exist to adopt different responses depending on the nature of the change, especially predictable unknowns, and unpredictable unknowns. Hence, governance practices need to be sufficiently informed and able to keep pace with what is going on. The joint needs of Agile projects and a commitment to IT governance will increase the extent to which a number of IT management practices have to participate in projects, with a consequent cost.