So far in this blog series, we’ve covered NERC compliance and the capabilities of compliance management solutions at increasing levels of sophistication. We started with streamlining the day-to-day, from change management to evidence collection to PRAs, RSAWs, and all the rest of the required policies and procedures. Part 2 moved into KPIs and the power of aggregate reports. We uncovered the opportunities inherent in the mountains of data generated by complying with NERC requirements, and broke that data down into three categories that provide visibility into the health of your compliance program.
If your business runs a compliance management solution, there’s a good chance you purchased it to do exactly that: help you monitor, manage, and measure the tasks and activities related to following compliance regulations. This is no small feat. In part one of this series, we reviewed all the challenges compliance managers face keeping up with NERC, and in part 2, the various KPIs that can help you better wrangle your compliance processes. Your compliance management solution is key to solving those challenges and keeping those day-to-day KPIs on track.
In Part 1 of this blog series, we covered the day-to-day challenges faced by organizations (and compliance managers in particular) in meeting NERC requirements. From task management to change management to evidence collection, NERC certainly knows how to keep us busy. But compliance doesn’t have to be only a headache. Meeting all those requirements generates a tremendous amount of data, and that data is an often-unmined opportunity for adding serious business value.
As an electric utility, you know that NERC compliance is both critical and incredibly cumbersome. You need to comply with NERC requirements, and you need to be able to prove that you complied, but you also need to run your business in a time- and cost-effective way. Those objectives can often seem at odds.
Wouldn’t it be great if we can track our cost of addressing audit deficiencies or mitigating the risks in compliance management, as easily as we track the maintenance requirements for our cars? Vasu Avadhanula (Vasu for short…) discusses how.
The National Rural Electric Cooperative Association’s (NRECA) annual TechAdvantage Conference and Expo will take place next week at the the San Diego Convention Center. TechAdvantage is the leading technology conference designed exclusively for electric cooperative professionals engaged in C-level, engineering, operations, IT, purchasing and supply, and marketing decision-making. SigmaFlow will be exhibiting at the TechAdvantage Expo […]