What is the primary focus of Governance, Risk Management, and Compliance (GRC)?

Prepare for the FedVTE Cyber Risk Management Test. Practice with flashcards and multiple choice questions, each with hints and explanations. Be ready for your exam!

The primary focus of Governance, Risk Management, and Compliance (GRC) is to ensure that an organization aligns its IT strategies with its overarching business objectives while effectively managing risk. GRC frameworks aim to integrate and streamline governance policies, risk management processes, and compliance obligations to create a cohesive approach for organizations. This alignment is crucial as it helps in identifying, assessing, and mitigating risks that could impact the organization's ability to achieve its goals.

By promoting a unified GRC strategy, organizations can better ensure that their IT investments support business objectives, thereby enhancing overall efficiency and effectiveness. Additionally, a well-implemented GRC framework fosters a culture of accountability and continuous improvement, which is essential for meeting regulatory requirements and maintaining stakeholders' trust.

The other options reflect areas that do not align with the core focus of GRC. Managing internal employee relations is more related to human resources; overseeing financial investments pertains specifically to financial management rather than governance and compliance; and developing marketing strategies is distinctly different from the objectives of GRC. Each of these areas is important for an organization but falls outside the scope of Governance, Risk Management, and Compliance.

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