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Governance, Risk, Audit & Privacy · Intermediate

Integrated Risk Management (IRM)

Set of practices and technology that integrate risk management across business, IT, and compliance functions.

Definition

IRM, a term popularized by Gartner and used by platforms such as ServiceNow, unifies risk data, policies, controls, and issues so risk decisions can be made with an enterprise view. It extends GRC by emphasizing risk-aware decision making. ServiceNow's product family was renamed from GRC to IRM.

Example

ServiceNow IRM links a failed control test to the risks it mitigates and opens an issue automatically.

Exam tip

Know that IRM and GRC overlap; IRM is the vendor and analyst framing on ServiceNow exams.

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