GRC custom rule set

Hi,

I have to create a new rule set using Global as reference.

Could some some let me know the approach and methodology to follow in order to create my custom ruleset.

Could some one give me step by step approach to follow as I will be with business and functional consultant for just 1 day and I have to finish the MM and FI module.

The approach that I would follow is :

1) Tell them to check if any standard risks mentioned are required.

2) Next go through the risks which are relevant and their functions 1 by 1. Add any transactions or deactivate any if possible.

3) Update functions with Z transactions ( as there are 240 transactions in system)

I am worried how will I be able to go through all this in 1 day

Thanks,

Ritesh Soni