Osterman Research announces the publication of a new white paper – 2024 GRC Strategies, Teams, and Outcomes Report. This white paper was commissioned by LogicGate.
Governance, risk, and compliance is a team sport — in a league where no two teams look alike. This diversity in team structures, responsibilities, and program resources makes GRC benchmarking across organizations and industries challenging — and objectively evaluating your program strategy even more difficult.
To better enable GRC leaders with a clear understanding of what “good” GRC looks like, we surveyed 350 risk, cybersecurity, and compliance leaders worldwide about their program objectives, team structures, processes, and technology investments — and aligned responses to a maturity model to gauge their GRC program maturity and success.
Key findings:
- GRC is a collaborative undertaking across multiple teams.
- All organizations have work to do to improve their GRC program maturity.
- Organizations spend an average of 1% of annual revenue on their GRC program.
- People and talent expenses represent 46% of the GRC budget.
- Budgets are staying the same or increasing for 80% of organizations.
- Using a single GRC software tool best helps with proactively managing risk.
For details on how to get yourself a copy, please check out our portfolio.
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