Risk Management
Maturity Measures
Documentation
1
No formal risk management documentation or processes.
2
Basic documentation of identified risks and their mitigation strategies.
3
Comprehensive documentation of all risk assessments, strategies, and actions.
4
Documentation is regularly updated with risk tracking and analysis.
5
Dynamic, real-time documentation integrating global risk insights and predictive models.
Tools and Automation
1
Manual identification and tracking of risks.
2
Basic tools for risk assessment and monitoring.
3
Integrated risk management tools across IT and business units.
4
Advanced tools with automated risk detection and analysis features.
5
AI-driven tools for continuous risk monitoring and proactive management.
Process Integration
1
Isolated risk management efforts; not aligned with other processes.
2
Basic integration of risk management with project management.
3
Well-integrated risk management processes across all IT and business activities.
4
Risk management processes are part of strategic decision-making.
5
Full integration with enterprise governance, risk, and compliance (GRC) systems.
Training and Awareness
1
Minimal awareness of risk management principles and practices.
2
Basic training on risk identification and mitigation for relevant staff.
3
Regular training sessions on comprehensive risk management practices.
4
Ongoing training and development in advanced risk analysis and mitigation strategies.
5
Continuous learning culture with real-time adaptation to emerging risks.
Performance Measurement
1
No metrics for measuring risk management effectiveness.
2
Basic metrics such as number of identified risks mitigated.
3
Detailed KPIs tracking risk exposure, mitigation effectiveness, and residual risks.
4
Comprehensive analytics on risk trends, impacts, and management effectiveness.
5
Predictive metrics and real-time risk performance management.
Stakeholder Communication
1
Irregular or no communication about risks and their management.
2
Periodic updates to IT and business leaders on significant risks.
3
Regular, structured communication to all stakeholders about ongoing risk management efforts.
4
Strategic communication aligned with business objectives and risk profiles.
5
Proactive and transparent communication leveraging real-time risk data and insights.
Continuous Improvement
1
No systematic process for improving risk management.
2
Reactive adjustments based on incidents and losses.
3
Systematic review and refinement of risk management processes based on lessons learned.
4
Managed improvement processes driven by data and stakeholder feedback.
5
Culture of proactive risk optimisation and strategic foresight.