GRC

Effective governance is built on a foundation of strong risk management, clear compliance frameworks, and transparent reporting. In today’s complex regulatory and corporate environments, boards and executives need confidence that obligations are being met, risks are being managed, and assurance processes are operating effectively. 

At Cost Time Risk, we provide Governance, Risk and Compliance (GRC) services that help organisations strengthen their internal frameworks, meet regulatory obligations, and improve overall governance maturity. Our services are designed to give leadership teams clear line-of-sight across risk, compliance, and performance — enabling better decisions and protecting organisational integrity. 

Our GRC services include: 

Governance Framework Development 

• Design and implementation of governance frameworks aligned to ISO, ASX, and international standards 

• Development of governance policies, delegations, charters, and decision-making protocols 

• Board and executive governance reporting frameworks 

• Governance maturity assessments and improvement roadmaps 

Corporate Risk Management 

• Enterprise Risk Management (ERM) framework design and implementation 

• Facilitation of risk identification, assessment, and mitigation workshops 

• Development and maintenance of enterprise risk registers 

• Integration of strategic, operational, financial, legal, regulatory, and reputational risks 

• Design and implementation of Key Risk Indicators (KRIs) and risk appetite frameworks 

Compliance & Obligations Management 

• Development of compliance obligation registers across regulatory, legal, contractual, and policy domains 

• Mapping of obligations to controls and responsible officers 

• Compliance monitoring programs and reporting dashboards 

• Breach management and incident reporting processes 

• Support for regulatory reporting and external submissions 

Audit & Assurance 

• Internal audit program development, execution, and reporting 

• Assurance mapping to coordinate oversight across audit, risk, and compliance activities 

• Readiness reviews for external audits, regulatory reviews, and independent assurance 

• Follow-up and tracking of audit findings, management actions, and continuous improvement 

Governance Risk & Compliance Technology Integration 

• Design of GRC system architectures to support integrated reporting and oversight 

• System selection, configuration, and implementation support 

• Data analytics and dashboard reporting for boards and audit committees 

• Automated monitoring of obligations, compliance tasks, and assurance activities 

Why Cost Time Risk? 

• Deep experience supporting both government-owned and private sector organisations 

• Proven expertise in building integrated GRC frameworks that satisfy regulators, auditors, and boards 

• Practical, scalable solutions that balance governance discipline with operational flexibility 

• Independent, professional approach grounded in international best practice standards