Measuring GRC success requires focusing on specific, impactful metrics, such as tracking documented risks, new risks added, and risk severity distribution.
Efficiently treating high-risk issues, evaluating mitigation costs, and assessing remaining risk post-mitigation are crucial for effective GRC management.
Monitoring compliance gaps, audit trends, and completion of mandatory training by employees helps in reducing regulatory risks and enhancing organizational culture.
Tracking vendor compliance, timeliness of report filing, and proactive vs. reactive compliance measures are essential for risk management.
Escalating top risks to leadership, evaluating control effectiveness, and timely incident response contribute to operational maturity and risk foresight.
Establishing baseline values, setting SMART goals, and embedding metrics into routine practices are key steps in improving GRC performance.