Organizations of all types and sizes face internal and external factors and influences that make it uncertain whether and when they will achieve their objectives. The operating environment is often described as “VUCA” i.e volatile, Uncertain, Complex, and Ambiguous.
Organizations that survive and thrive in this VUCA World are not the strongest or largest, but those that continually adapt to the changing environment.
These organizations continually assess the adequacy and effectiveness of their internal control structures that are designed to manage uncertainties that would have an impact on their objectives. Their Stakeholders also continue to demand more accountability in internal governance structures whilst ensuring business sustainability. To address the complex external and internal influences, businesses need to ensure a balance between governance, risk management and compliance.
It is instructive that many organizations continue to face difficulties arising from fragmentation across risk, compliance and assurance activities that are integral to the GRC environment. A common approach to risk identification and assessment that is driven from a strategic level ensures an effective approach to GRC that is aligned to the organizational strategy.
This GRC Professional Course by Africa Risk Management Advisors (ARMA) has been carefully designed to help managers and executives deepen their knowledge and skills in Governance, Risk and Compliance (GRC) concepts, processes, tools and frameworks. The program enables management and executives to adopt a holistic view of the organization and improve the alignment between Governance, risk and Compliance of an organization.