GRC Program KPIs and KRIs
- 1. Governance Structure 1. GRC Committee Meeting Frequency 2. GRC Policy and Procedure Updates 1. Lack of GRC committee meetings 2. Outdated or missing policies/procedures Risk Identification 3. Number of Identified Risks 4. Timeliness of Risk Identification 3. Emergence of new high-impact risks 4. Delayed risk identification Compliance Management 5. Percentage of Compliance Obligations Met 6. Compliance Training Completion 5. Non-compliance incidents 6. Training gaps in compliance areas Risk Assessment 7. Risk Assessment Completion Rate 8. Risk Heatmap Accuracy 7. Incomplete risk assessments 8. Significant changes in risk exposure Control Effectiveness 9. Control Testing Frequency 10. Control Remediation Timeliness 9. Control failures or weaknesses 10. Delayed control remediation Incident Management 11. Incident Response Time 12. Incident Resolution Rate 11. Incident escalation frequency 12. Unresolved or recurring incidents Audit and Assurance 13. Audit Completion Timeliness 14. Audit Issue Resolution Rate 13. Outstanding audit findings 14. Unresolved audit issues Vendor Risk Management 15. Vendor Risk Assessment Completion 16. Vendor Due Diligence Effectiveness 15. High-risk vendor incidents 16. Vendor non-compliance with contracts IT Security 17. IT Security Policy Compliance 18. Response Time to Security Incidents 17. Security breaches or vulnerabilities 18. Increase in security incidents Data Privacy and Protection 19. Data Privacy Compliance 20. Data Subject Requests Handling 19. Data breaches or privacy incidents 20. Delays or errors in handling requests Category KPIs KRIs GRC PROGRAM KPIS AND KRIS Track the effectiveness and potential risks of Governance, Risk, and Compliance (GRC) initiatives to maintain regulatory compliance and mitigate risks. Business Continuity Planning 21. Business Continuity Plan Testing 22. Business Impact Analysis Timeliness 21. Failures or issues in continuity plans 22. Delays in assessing business impact Training and Awareness 23. GRC Training Participation 24. Employee Compliance Certification 23. Lack of awareness in compliance areas 24. Employees not meeting certification Reporting and Analytics 25. GRC Reporting Accuracy 26. Predictive Analytics Utilization 25. Inaccurate or incomplete reporting 26. Lack of predictive risk insights