ProcessGene™ OMB A-123 Compliance Software – Lifecycle

OMB A-123 Compliance Lifecycle

The OMB A-123 compliance lifecycle includes the following steps, all automatically enacted by the ProcessGene™ GRC Software Suite:

Lifecycle step		OMB A-123 activity
	OMB A-123 context establishment	Definition of OMB A-123 compliance related business processes Delineation of process diagrams (optional) Definition of assets within the OMB A-123 scope Standardization and documentation of OMB A-123 regulations, policies and procedures
	Risk identification	Risk description, identification of risk stakeholders Risk classification and determination of heat-maps Risk assessment and measurement (before implementing internal controls) Determination of Key Risk Indicators (KRIs) Risk tolerance determination
	Internal controls determination	Definition of internal controls to mitigate identified OMB A-123 risks Assignment of OMB A-123 internal control owners Scheduling and monitoring OMB A-123 internal controls execution Assessment of residual risk levels (after implementing the internal controls)
	Requirement management	Requirement definition Automated requirement workflow management Requirement fulfillment monitoring
	OMB A-123 audit and remediation	Definition and scheduling of OMB A-123 audit plans Definition of mechanisms for testing ongoing OMB A-123 compliance Collection, analysis and storage of OMB A-123 audit results Remediation plan definition, execution and follow-up
	OMB A-123 related incident management	Incident recording OMB A-123 related incident handling (using scheduled workflows) OMB A-123 related incident analysis and reporting Incident monitoring and follow-up
	OMB A-123 certification	Hierarchal OMB A-123 certification process determination Establishment of an automated OMB A-123 certification process Monitoring and reporting OMB A-123 certification status Archiving OMB A-123 certification history
	Multi-Org management	Determination of a global OMB A-123 compliance baseline with mandatory components Establishing a workflow for examining local (subsidiary) variants Enforcement of enterprise guidelines, regulations and frameworks within subsidiaries Control OMB A-123 compliance level both locally (per subsidiary) and globally from a central HQ cockpit

The ProcessGene™ OMB A-123 Software Users

1. C-level management (CEO, CFO, CIO, CRO, COO)
2. Board of directors
3. Compliance officers
4. Internal auditors
5. OMB A-123 compliance managers

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