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Workforce

Includes operators of the organization at all levels.  

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Process

A sequence of interdependent and linked procedures which consume one or more resources to convert inputs into outputs.  

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Principled Performance

The act of reliably achieving objectives while addressing uncertainty and acting with integrity. Principled Performance provides a modern point of view and disciplined approach to business. The definition above can  Full Article…

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Evaluate

To measure something against criteria. Usage Notes Measurement and evaluation are related concepts. Measurement is, generally, free from judgement. Evaluation, on the other hand, uses one or more metrics to  Full Article…

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Purpose of the GRC Glossary

The main aims of the OCEG GRC Glossary are to: provide an open and interdisciplinary source of plain-language definitions related to principled performance and GRC which includes the governance, assurance  Full Article…

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Entity

Any individual or collection of individuals such as a team, group, organization or company. Usage Notes Entity is often used when something can be applied at both an organizational as  Full Article…

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Governance

The act of externally directing, controlling and evaluating an entity, process or resource. Usage Notes Governance is different from management because governance must be EXTERNAL to the object being governed.  Full Article…

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GRC

The integrated collection of capabilities that enable an organization to reliably achieve objectives while addressing uncertainty and acting with integrity. It ¬†encompasses the governance, assurance and management of performance, risk,  Full Article…

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