What does a Governance, Risk, and Compliance (GRC) framework aim to achieve?

A Governance, Risk, and Compliance (GRC) framework is primarily focused on ensuring that an organization's IT practices align with its overarching business goals. By creating a structured approach to governance, risk management, and compliance, organizations can ensure that their IT strategies are not only compliant with relevant regulations but also support and enhance their business objectives. This alignment helps organizations manage risks more effectively, make informed decisions, and optimize resource utilization in a way that drives business value.

In contrast, concentrating solely on compliance regulations, as suggested in one of the options, overlooks the broader picture of integrating governance and risk management with business strategy. GRC frameworks encompass more than just compliance; they are designed to integrate with business processes to create a more holistic approach to managing enterprise risks and governance.

Limiting IT spending is not a goal of a GRC framework. While financial management is a component of governance, the aim is not merely to restrict expenditures but to ensure that spending aligns with and supports business strategies effectively.

Maximizing software efficiency, while important in its own right, is not the primary aim of a GRC framework. The essence of GRC lies in its integrated approach to managing governance, risk, and compliance, rather than focusing on the efficiency of specific software applications.