Explain the use of GRC risk management.

GRC Risk Management is used to manage and control all types of risks occurring or going to occur in the future. There are several uses of GRC Risk Management. Some of them are as follows :

• The main focus of Risk Management is on organizational alignment towards various factors like the risks which need immediate concern, risk mitigation, and associated thresholds.
• Risk Management systems perform qualitative and quantitative analysis of risks to figure out the level of risk to decide for the organization whether to take it or not.
• It also comprises of various solutions to risks.
• It identifies risks in an organization.
• It performs both preventive mitigation controls and detective mitigation control methods.