Measure Progress With Priorities

Let’s talk a little bit about how you can continue to show progress over time. What Priorities allows you to do is see progress in real time. You can also update the progress as you feel like you’ve made it, and let’s just say you feel like you’ve closed out all of the issues, you can update that progress in real time. And so now it starts to highlight that the progress with this priority is done. And so it actually starts to highlight, “Hey, we are making an impact on our risk and our progress over time.” And this is a key element to being able to report in a continuous fashion to your stakeholders — whether that’s your board, your executive staff, your auditors, regulatory bodies — you can actually highlight these are the actions that we’ve taken to reduce our risk and close the loop.

In that continuous validation framework, we can identify who’s got ownership of these elements and who’s got ownership of the individual findings, and that all bubbles up into our overall risk. Now, what’s also important is that with PlexTrac, all of this is linked together from the different sources, and you can also apply SLAs to the findings not only within the reports but also SLAs within the priorities themselves. So the notification system that exists around SLAs also exists on the findings within priorities.