This helps the company to reduce its risks and to protect stakeholders from the consequences of cyber or IT risk gone wrong. What Is the Purpose of a Risk Maturity Model Framework?Īn RMM framework allows a company to benchmark its risk management activities against proven RMM criteria, such as IT or cyber risk. It allows you to see the company’s current situation clearly, and to identify the critical steps necessary to achieve higher maturity levels, which translates into better risk management. Using a risk maturity model is smart ERM. ![]() The model evaluates the extent to which risk management is embedded within the organization, where a high maturity level translates into effective risk management. ![]() ![]() This assessment process is best accomplished using an established risk maturity model, an essential tool to plan and mitigate enterprise risk.Ī risk maturity model (RMM) is an assessment tool focused on your organization’s risk culture and risk management program. A crucial part of building a robust and effective enterprise risk management (ERM) program is to perform a periodic review of your organization’s risk management activities.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |