Is your organization's policy management framework dynamic and designed for needed adjustments? Business today is incredibly dynamic. It changes rapidly, effecting strategy, business processes, employees, technology. Mergers and acquisitions, evolving risks, and new regulations only add to the volume of change and organization may experience. In OCEG’s Policy Management Capability Model, it outlines 10 universal principles of policy management - the tenth being dynamic.
“The policy management capability must be designed for continual improvement and adjustment as the business objectives and model, operations, and risk profiles change over time,” the Model states.
A policy management program needs to be dynamic to meet the needs of a change business environment. This includes:
There is no one size fits all policy management program. Each organization needs to develop a policy management program that fits its culture, structure, and operations.