
7 steps for evaluating, comparing, and selecting frameworks:
- Identify frameworks that align with regulatory compliance requirements.
- Assess the organization’s risk appetite and select frameworks that align with its strategic goals.
- Compare your organization to others in the industry to determine the most commonly used frameworks and their relevance.
- Choose frameworks that can scale as the business grows.
- Select frameworks that help the organization better align with its clients.
- Conduct a cost analysis to assess the feasibility of implementing the framework(s).
- Determine whether the framework can be implemented in-house or if external guidance is needed.
This process helps organizations select the most suitable framework for their needs and long-term.
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