Glossary definition: Policy management
Policy Management: Strategies & Best Practices
Policy management is the process of developing, implementing, and maintaining organizational policies, procedures, and guidelines. It is a comprehensive system of setting and enforcing standards and guidelines to ensure that all employees and stakeholders are aware of and comply with the organization’s policies. Policy management includes creating and maintaining a policy document, making sure it is up-to-date, communicating it to stakeholders, and monitoring compliance. It also includes developing an enforcement system to ensure that the policy is followed and that any violations are addressed and corrected. Policy management is an important part of any organization’s risk management strategy, as it helps to ensure that the organization is complying with relevant laws and regulations, and that it is taking steps to protect its employees, customers, and assets.