Practical Governance and Risk Managment TM (PGRM)

 

PGRM is a collection of business process and control seminars, books, and guides designed to provide a practical, business risk based approach to implementing cost effective controls in processes and systems and to eliminate excessive controls.

Our popular PGRM one and two day seminars show course participants how to control processes and systems from the governance, management and performance level. All too often process redesign and improvement attempts result in a failure to meet business objectives because of a lack of control at the governance level. All the control effort at the detailed performance level of a process or system does not accomplish much if the higher level controls over governance and management are missing.
PGRM covers all three areas of Governance, Management, and Performance. The control philosophy is based around helping people to accomplish their objectives and be successful. It is not driven by outside checklists which, albeit well intentioned, are not focused on your company's success. Further, we have found that when process control effort becomes disconnected from success in accomplishing business objectives, the overall control effort is quickly negated.
The PGRM approach recognizes that business risks are always in the real world. The amount of control that should be built into systems and processes should be commensurate with the risks in the real world. The higher the real world business risks, the greater the amount of control that should be built into the system or process. The PGRM approach requires participants to identify the real world business risks and make a conscious decision as to how much risk the company is prepared to accept. The limits of risk must, of course, be approved by the governance function. At the detailed process level, the controls established in the process are specifically designed to keep the risks within the agreed limits.

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