GRCP

The OCEG GRC Capability and Maturity Model (C2M2) exam, not specifically called the "OCEG GRCP Exam," focuses on assessing understanding of the C2M2 framework. The main points tested cover various aspects of governance, risk, and compliance (GRC):

I. Foundational Concepts:

• Understanding of GRC: Defining GRC, its components, and the interrelationship between them. Knowing the business value of effective GRC.
• Governance: Principles of effective governance, including roles, responsibilities, and authority. Understanding governance frameworks and their application.
• Risk Management: Risk identification, assessment, response, and monitoring. Various risk methodologies (e.g., qualitative, quantitative). Risk appetite and tolerance.
• Compliance: Legal, regulatory, and industry requirements. Compliance program development and management. Understanding compliance frameworks (e.g., ISO, NIST).

II. The OCEG C2M2 Model:

• The C2M2 Framework: A deep understanding of the framework's components, including its structure, principles, and processes.
• Capability and Maturity: Assessing the maturity level of an organization's GRC capabilities using the C2M2 model. Understanding the stages of maturity.
• Implementation and Application: Knowing how to apply the C2M2 framework to real-world scenarios. Understanding how to tailor the framework to different organizations.

III. Key Processes Within GRC:

• Risk and Control Self-Assessment (RCSA): The process of identifying and assessing risks and controls.
• Key Risk Indicators (KRIs): Monitoring and reporting on key risks.
• Issue Management: Identifying, tracking, and resolving GRC-related issues.
• Continuous Improvement: Implementing processes for ongoing improvement of the GRC program.
• Reporting and Communication: Effectively communicating GRC information to stakeholders.

IV. Technology and Automation within GRC:

While not the primary focus, the exam may touch upon how technology can support GRC processes and improve efficiency. This might include GRC software and systems.

In summary, the OCEG C2M2 exam tests a candidate's understanding of GRC principles, the application of the C2M2 framework, and the key processes involved in establishing and maintaining a robust GRC program. It emphasizes practical application and understanding the connection between theory and real-world scenarios. The emphasis is heavily on the OCEG's C2M2 framework itself. Candidates should thoroughly review the framework's documentation and related materials.