Governance, Risk & Compliance


Governance, Risk Management, and Compliance (GRC) are three pillars that work together for the purpose of assuring that an organization meets its objectives through effective utilization of people, process and technology.

Once an organization reaches a particular size, coordinated control over GRC activities is required to operate effectively. Sustaining an IT or Information Security GRC program with evolving governance needs changing risk landscape and multiple compliance requirements, which can be a challenge for most enterprises.

ISO/IEC 38500:2015

Governance of IT for the organization

ISO/IEC 38500:2015 provides guiding principles for members of governing bodies of organizations (which can comprise owners, directors, partners, executive managers, or similar) on the effective, efficient, and acceptable use of information technology (IT) within their organizations. It also provides guidance to those advising, informing, or assisting governing bodies.

ISO/IEC 38500:2015 defines the governance of IT as a subset or domain of organizational governance, or in the case of a corporation, corporate governance.

ISO/IEC 38500:2015 applies to the governance of the organization’s current and future use of IT including management processes and decisions related to the current and future use of IT.

The key benefits of Implementing ISO/IEC 38500:2015 are:

  • ISO/IEC 38500 assists governing bodies to ensure that the use of IT contributes positively to the performance of the organization.
  • Organizations are able to monitor IT usage, ensure business continuity and sustainability, align IT with business needs and ensure appropriate implementation and operation of IT assets.
  • Manage the IT investments properly.
  • Improve the performance of the organization.
  • Improve project governance.
  • Improve the competitive position of the organization.
  • Minimize IT risks.
  • Assure greater project success rates.

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ISO/IEC 38500:2015 is applicable to all organizations, including public and private companies, government entities, and not-for-profit organizations. ISO/IEC 38500:2015 is applicable to organizations of all sizes from the smallest to the largest, regardless of the extent of their use of IT.



Framework for the Governance & Management of Enterprise IT

COBIT® 5 is ISACA’s latest business framework for the governance, management and operation of IT across any enterprise.

COBIT® 5.0 helps enterprises create optimal value from IT by maintaining a balance between benefits realization and risk optimization and resource utilization.

COBIT® 5.0 for IT governance provides guidance to help IT and security professionals understand, utilize, implement and direct important information security-related activities, and make more informed decisions while maintaining awareness about emerging technologies and the accompanying threats.

Using COBIT 5 for IT governance can help enterprises of all sizes:

  • Reduce complexity and increase cost-effectiveness
  • Increase user satisfaction with information security arrangements and outcomes
  • Improve integration of information security
  • Inform risk decisions and risk awareness
  • Reduce information security incidents
  • Enhance support for innovation and competitiveness

COBIT® 5.0 enables information and related technology to be governed and managed in a holistic manner for the entire enterprise, taking in the full end-to-end business and functional areas of responsibility, considering the IT-related interests of internal and external stakeholders.

CF-23-February-2015-2COBIT 5 Governance and Management Key Areas

CF-23-February-2015-1-L.jpgThe 7-Phases of Implementation Lifecycle

AZAAN Approach for GRC Consulting and Implementation

Compliance is not a check-the-box exercise for us at AZAAN, because we leverage the compliance process as an opportunity to identify an organisation’s cyber threat weaknesses, and implement mitigation strategies that will have a real impact on raising the defence posture through true business-level risk mitigation.

Drawing on their previous experience developing global standards and national regulations, our compliance experts understand both the letter and spirit of these criteria, allowing for an efficient and effective process.

We help both public and private sector entities cross over the compliance hurdle concerning standards such as the Information Assurance standards, ISO 27001 and 27002, NIST (National Institute of Standards and Technology) ISO/IEC 38500:2015 and the ISACA COBIT framework.

Key Services we offer:

Consulting: AZAAN has devised a strategic advisory that initiates organizations to understand that GRC begins with a business centric approach and not in association with any solution or Tool.

AZAAN subject matter experts can hand-hold organizations during their COBIT® 5.0 based process improvement initiatives. The level of AZAAN involvement in the project can be varied based on the skills and capabilities of the organizations’ internal staff to manage the project.

Training: AZAAN prepares practitioners and auditors for GRC trainings and Certifications. We’ve some of the worldwide recognized certified trainers and ISACA Certified Assessors for COBIT® 5.0. Click here to know more about our trainings programs.

Implementation Toolkit: AZAAN has developed a stand-alone IT Governance implementation toolkit filled with templates and artifacts for organizations striving to implement and adopt IT Governance.

Contact us to know more, ask for Quotation and get benefitted from our services.

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