Thefour dimensionsused to assess Total Performance in theGRC Capability Modelare:
* Effectiveness:
* Measures the extent to which objectives are achieved.
* Assesses whether the right goals are pursued with the desired outcomes.
* Efficiency:
* Focuses on minimizing resource consumption while maximizing results.
* Ensures processes are streamlined and cost-effective.
* Responsiveness:
* Evaluates the organization's ability to adapt quickly to changes in the internal and external environment.
* Reflects agility in addressing risks, opportunities, or stakeholder demands.
* Resilience:
* Assesses the capability to recover from disruptions or challenges.
* Ensures long-term sustainability and operational continuity.
References:
* OCEG GRC Capability Model: Defines performance dimensions critical to GRC implementation.
* ISO 31000: Aligns with these dimensions for risk management effectiveness and resilience.