Is your organization's policy management framework integrated into business operations? In OCEG’s Policy Management Capability Model, it outlines 10 universal principles of policy management - the third being integrated.
“While centralized oversight and design of policy management are important, without acceptance of the defined approach and assignment of policy responsibilities within the affected operations, the system will be ineffective,” the Model states.
An integrated policy management framework creates:
Effective policy management is a key part of organizational success, and if done right it should support quick and informed decision-making which, in turn, can save an organization from financial and reputational loss, compliance violations, and more. Stakeholders need to always be aware of issues that could arise, such as ineffective controls and policy conflicts. The path to achieving this objective lies within policy integration.