Risk Maturity Assessment

Investors in Risk Management provides expert-driven risk maturity assessment services to assess and improve the risk management maturity using our Risk Management Maturity Model to mitigate the impact of uncertainty on business objectives.  

Key observations about risk management maturity

• Target risk management maturity will differ for each organisation depending on a range of internal and external considerations
• The value of increasing an organisation’s risk management maturity will increase as long as the benefits exceed the costs. However, the increase in value is not linear. For example, the value of shifting an organisation’s maturity from basic to mature is normally higher than from shifting from mature to advanced. This is because most organisations can move from basic to mature without spending significant resources while the benefits are likely to be significant. Moving from mature to advanced is more expensive, as it typically requires significant investments in software and other infrastructure, as well as significant time commitments by management and staff
• Improving risk management maturity requires time and resources. Time can to some extent be substituted by increased focus/effort. Accordingly:
• An organisation with limited resources and low risk management commitment will take a very long time to reach the desired level of risk management maturity
• Organisations with extensive resources and strong commitment to rapidly enhancing their risk practices may be able to shorten the time required to reach their desired level of risk management maturity.
• Improving risk management maturity requires balanced enhancement
• Developing a proactive risk management culture and embedding/integrating risk management practices in business processes always takes time.

We provide expert-driven risk advisory services to assess and improve the risk management maturity directed at assisting organisations to mitigate the impact of uncertainty on business objectives and creating value through effective risk management.