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Implementing risk quantification into an existing GRC program

24
Sep
2021
Implementing risk quantification into an existing GRC program

image credit: freepik

With a myriad of risks and limited security budgets, how do organizations decide which projects to prioritize? Many governance, risk management and compliance (GRC) professionals believe risk quantification is the answer. Because risk-free operations don’t exist, risk quantification isn’t merely desirable — it’s necessary. And it plays an essential role in every business decision and risk type.

When incorporated into an existing GRC program, this tactical tool helps companies understand and evaluate key risk scenarios so stakeholders can make informed decisions and determine the financial impact of potential risks on an organization.

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