Risk management in many organizations is mired in a framework that can’t keep pace with the challenges that most enterprise risk teams face. It needs to be modernized. That’s the verdict that senior analysts Cody Scott and Alla Valente handed down in a recent Forrester Research blog that’s critical of the Three Lines of Defense (3LOD) approach, which is widely used to assess organizational risk.
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Outdated Risk Management Frameworks Face Growing Criticism
Posted by: John P. Mello Jr. November 19, 2024 05:00 AMRisk management in many organizations is mired in a framework that can’t keep pace with the challenges that most enterprise risk teams face. It needs to be modernized. That’s the verdict that senior analysts Cody Scott and Alla Valente handed down in a recent Forrester Research blog that’s critical of the Three Lines of Defense (3LOD) approach, which is widely used to assess organizational risk.