This article explains Operational Risk Management and how it is useful.The term Operational Risk Management (ORM) is not new. It has been tossed about in businesses across North America for the last several years.
During global slowdown or so called recession period, companies are forced to reconsider their investments in IT infrastructure. It is a well known fact that, companies start looking for ways to cut overall costs in such scenarios. Undoubtedly such actions are required to sustain your business in the tuff times.
A few days back, US President Barack Obama had revealed that his administration would prioritize efforts on energy, health care and education to not only revive economy of the United States, but also to make sure that these are investments into America’s future. “To support that innovation, we will invest fifteen billion dollars a year [...]
This Blog attempts to identify the ways and give examples of how SAP BusinessObjects GRC Superuser Privilege Management (SPM) can enable privileged access for regular users to perform emergency activities outside the parameters of their standard role. I will also briefly walkthrough a few scenarios where SPM can bring benefits to surveillance teams and allow Superuser to operate within a controlled and fully auditable environment. These benefits include Superuser activity audit trail, quality of reporting, and also the opportunity to review a company’s emergency situations and enhance the efficiency of all financial and operating departments. Some of the frequently asked questions are also provided in the end.
GRC stands for “Governance, Risk Management and Compliance”. GRC as a discipline has come a long way in a short time. Companies like SAP, Oracle, and Approva (check GRC Vendors List) provides different GRC Solutions to it’s customers to integrate and manage IT operations that are subjected to various data protection laws and compliance regulations. [...]
Every business carries an element of risk. Therefore, managing risks is crucial process in many organizations. Depending on the business, steps can be taken to reduce the frequency and intensity of risk. Risk management is a process or group in an organization that takes management action to reduce risk. This activity involves the process of measuring and developing strategies to manage the risk. The strategies employed include transferring the risk to another party, avoiding the risk, reducing the negative effect of risk, and accepting some or all of the consequences of a particular risk.
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