RIMS launches updated Risk Maturity Model to help organizations improve risk management capabilities
- Published: Wednesday, 20 April 2022 08:32
Recognizing the need for a more contemporary risk management maturity model that aligns with updated standards, increased expectations and the evolution of risk management, RIMS, the risk management society, has modernized its RIMS Risk Maturity Model (RMM).
Available online for organizations around the globe, the completely revamped RIMS RMM guides strategic risk professionals in identifying their risk program’s maturity level, in targeting areas for improvement, as well as in marking progress over time.
“RIMS continues to advance the resources it provides to elevate risk management globally,” said RIMS Vice President of Strategic Initiatives Soraya Wright. “Beyond making it easier and more efficient to use, the RIMS RMM is designed to tap user feedback to periodically refresh the model to reflect relevant and innovative practices.”
The Risk Maturity Model enables risk professionals to self-assess their organizational practices against these five pillars that leading organizations find are critical to successful outcomes:
- Strategy Alignment
- Culture & Accountability
- Risk Management Capabilities
- Risk Governance