📘 What is Regulation Lifecycle Management (RLM) and How is it Different from GRC? 📘 In the world of compliance, Regulation Lifecycle Management (RLM) and Governance, Risk, and Compliance (GRC) serve unique purposes, each supporting organizations in managing risk, regulatory obligations, and safe operations. Here’s how they differ: 🔹 Regulation Lifecycle Management (RLM) focuses on the entire journey of a regulation—from identifying new rules to implementing, monitoring, and updating them over time. It’s a complete cycle, ensuring that every regulation stays relevant and that compliance is continuously managed. 🔹 Governance, Risk, and Compliance (GRC) is a broader framework that encompasses governance, risk management, and compliance together. It provides an overall structure to keep the organization secure, minimize risks, and ensure all areas of compliance are managed effectively. Key Difference? While RLM zeroes in on managing each regulatory change throughout its lifecycle, GRC integrates compliance with risk and governance strategies for a bigger picture approach. Many organizations use both together to ensure that every regulatory requirement is met and aligned with their overarching risk and compliance goals.
