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PRM (Political Risk Management): The Next Important Acronym in GRC?

Publisher IDC
Published Jan 10, 2022
Length 11 Pages
SKU # IDC16921517

Description

PRM (Political Risk Management): The Next Important Acronym in GRC?

This IDC Market Perspective highlights the potential to include political risk in the GRC framework. As frameworks evolve and political risk analysis modernizes, there is an increasing possibility for the inclusion of political risk in the GRC platform. With political risk holding the potential to alter the global economy, it is critical that businesses include these considerations in their business resiliency planning."The risk universe is changing in the aftermath of the COVID-19 pandemic, and companies are more cognizant in including external risks in their GRC frameworks," says Amy Cravens, research manager, Governance, Risk, and Compliance at IDC.

Please Note: Extended description available upon request.

Table of Contents

11 Pages
Executive Snapshot
New Market Developments and Dynamics
Political Risk Defined
Impact of Political Risk on an Organization
Political Risk in the Broader Risk Landscape
Case Study
Third-Party Risk Management
ESG Risk Management
Challenges with Political Risk Inclusion in GRC Framework
Political Risk Is Not a Pain Point or a Priority
Current Perceptions of Political Risk
Political Risk Is Organizationally Siloed
Dismissed as an External Risk
(In)frequency of Consideration
No Predefined Frameworks to Follow
Changes in Risk Landscape That Will Promote Political Risk
Measuring and Monitoring Political Risk
Artificial Intelligence
Risk Quantification
GRC Integration Strategies
Advice for the Technology Supplier
Learn More
Related Research
Synopsis

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