Course Outline for GRC (Governance, Risk, and Compliance)
Module 1: Introduction to GRC
- Definition and Importance of GRC
- Evolution of GRC in Organizations
- GRC Frameworks (COSO, COBIT, ISO, NIST, etc.)
- Benefits of an Integrated GRC Approach
Module 2: Corporate Governance
- Principles of Corporate Governance
- Roles of Board of Directors, Executives, and Managers
- Governance Structures and Decision-Making
- Ethics, Transparency, and Accountability
Module 3: Risk Management Fundamentals
- Types of Risks (Strategic, Operational, Financial, IT, Compliance, Reputational)
- Risk Identification, Assessment & Analysis
- Risk Response Strategies (Avoid, Mitigate, Transfer, Accept)
- Enterprise Risk Management (ERM) Models
Module 4: Compliance Management
- Regulatory Landscape (Local and International)
- Compliance Frameworks and Standards (GDPR, SOX, HIPAA, ISO 27001, PCI-DSS, etc.)
- Internal Controls and Audit Readiness
- Monitoring, Reporting, and Continuous Improvement
Module 5: Information Security & GRC
- Role of GRC in Cybersecurity
- IT Governance & Risk Management (NIST, COBIT, ISO 27005)
- Data Privacy and Protection Laws
- Incident Response and Business Continuity
Module 6: GRC Tools and Technology
- GRC Software Platforms (RSA Archer, MetricStream, ServiceNow, etc.)
- Automation in Risk and Compliance Management
- Data Analytics for Risk and Compliance
- Integrating GRC with Enterprise Systems
Module 7: Building a GRC Program
- Steps to Implement an Effective GRC Framework
- Policies, Procedures, and Governance Structures
- Training and Awareness for Staff
- Metrics and KPIs for Measuring GRC Success
Module 8: Case Studies & Best Practices
- Real-World GRC Failures (Enron, Volkswagen, Wells Fargo, etc.)
- Best Practices from Leading Organizations
- Group Discussion: Lessons Learned
- Capstone Project: Developing a Mini GRC Framework for a Business