RIMS launches risk management maturity model

Risk management society, RIMS, has modernised its Risk Maturity Model Available online for organisations around the globe, the completely revamped RIMS RMM guides strategic risk professionals in identifying their risk programme’s maturity level, in targeting areas for improvement.

“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 RIMS RMM enables risk professionals to self-assess their organisational practices against strategy; culture and accountability; risk management capabilities; risk governance; and analytics.

“The RIMS RMM was created by risk professionals, for risk professionals,” said former RIMS vice-president of Strategic Initiatives Carol Fox. “The content contained in the RIMS RMM® was carefully designed by risk management professionals from the RIMS Strategic and Enterprise Risk Management Council, in addition to contributions from other thought-leaders, to reflect successful outcome-based practices.”

Information provided during the assessment is confidential. Data is maintained by RIMS in a leading provider’s encrypted cloud services. Users are then provided with a downloadable report upon completion of the complimentary assessment. The report includes guidance for target tiers, as well as recommended resources by pillar.

The model was launched at the RIMS Annual Conference, being held in San Francisco this week.

    Share Story:

YOU MIGHT ALSO LIKE


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.