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PMS controls for best risk management PDF Print E-mail
Written by Cecilia Chee, Singapore   
Wednesday, 05 October 2011 12:50

 

 

 

Preventative Managment System controls for best risk management

 

Compliance controls are a key component to your company's success, but how are they developed and what is IT's role in that process? You must be prepared for these conversations and you should have your IT department ready to respond when compliance issues become a concern for your organization. You need a proven framework to architect the right IT solutions for managing compliance controls. But first, let's get a good understanding of what a control is.

 

Controls mitigate risks

Controls mitigate risks, and risks are uncertainties that can interfere with an objective.It's important to understand this, because in a lot of cases compliance controls are just handed to you or your compliance department without any background on why the controls exist, or more specifically what risk the control is trying to mitigate.

Last Updated on Wednesday, 05 October 2011 13:35
 
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