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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Objective
Something that an entity intends to attain or accomplish. Usage Notes To be measurable, objectives must be mapped to indicators, targets and tolerances. Synonyms Purpose Goal
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Uncertainty
The state of being unable to completely predict; determine; or define something. Additional Definitions From Well-Known Sources
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Governance
The act of externally and indirectly guiding, controlling and evaluating an entity, process or resource. Usage Notes Governance is different from management because governance must be EXTERNAL to the object 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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