BRYAN'S BLOG

Bryan’s Blog: Hot Topic – Risk Management Maturity Models

Risk Management Maturity Models have been the hot topic in risk management circles. Organisations realise they are on a risk management journey and they want to know how well they are progressing towards their defined goals. In some cases they are looking for a broad benchmark across all aspects of their risk management framework, in others they are looking more specifically at areas such as risk reporting to senior executives.

Risk Management Maturity Models has been the hot topic in risk management circles. Organisations realise they are on a risk management journey and they want to know how well they are progressing towards their defined goals. In some cases they are looking for a broad benchmark across all aspects of their risk management framework, in others they are looking more specifically at areas such as risk reporting to senior executives.

Two years ago Risk Management Partners foresaw the need for maturity assessments and we developed the RMP Healthcheck.  The Healthcheck assesses an organisation’s risk management maturity across seven different categories from risk management culture to risk financing with scores accumulated to determine the organisation’s overall rating.

The RMP Healthcheck recognises that the risk management journey:

  • Starts at the realisation of the importance of risk management;
  • Moves through deployment and often rapid improvement;
  • Finally tackles the challenge of ensuring risk-based decision making is being pursued across the breadth and depth of the organisation.

For more information on the RMP Healthcheck please contact us.