Companies should conduct Risk Culture Maturity assessments to evaluate the effectiveness of their risk culture, identify areas for improvement, and enhance their risk management practices. These assessments provide insights into the alignment between desired risk management behaviors and actual practices within the organization. By assessing risk awareness, accountability, communication, and decision-making, companies can foster a risk-aware culture, strengthen risk governance, meet compliance requirements, and drive continuous improvement. Ultimately, conducting Risk Culture Maturity assessments enables companies to proactively manage risks, enhance organizational resilience, and support long-term success.
Imagine a consultant doing a Risk Culture maturity assessment by interviewing 100 of your employees….
…. Now; imagine getting better and more accurate results in less time and at a fraction of the cost!
The Risk Culture Maturity Monitor is an effective software tool that accurately measures the level of maturity of the process of embedding an effective Risk Management Culture in any organisation.
This tool was developed as a result of more than 10 years of intensive research on the subject of Risk Culture and how to address the people risk component of the Management of Risk. Most organisations build impressive risk management systems, but fail to address the underlying Human Factors and the fundamental issue of Risk Culture.
The Risk Culture Maturity Monitor
The Risk Culture Maturity Monitor provides information on the level of maturity in six key areas within business operations:
- Policies
- Processes
- People and Organisational Design
- Reporting
- Management and Control
- Systems and Data
•No Consultants
•No Training needs
•No IT Infrastructure cost
•No arguments on accuracy
•No checklists
•No staff interviews
•No 3rd party opinions
•No “rate from 1 to 5” scoring sheets
JUST your own accurate assessment of how mature your Risk Culture is!
Organisations are at different levels of maturity and various stages
of implementation of Enterprise Risk Management. The global
operating environment is at an ever increasing pace of change and
with this the exposure to risks grows on a daily basis so that many
organisations find themselves at a loss to identify and understand
what is the next step in the process of implementing an effective
Risk Culture.