Ensuring ERM Sustainability
How do you build a sustainable ERM program that provides a direct link to business performance? It’s all about benchmarking your capabilities to see where you are weakest and knowing what action to take to improve. LogicManager gives the benchmarking tools and guides you need pre-built into the platform and available for you to use on day 1.
Benchmarking
To give you a pulse on where your ERM program stands, built in to LogicManager is the Risk Maturity Model (RMM) for enterprise risk management (ERM). The RMM is broken down into seven sections, each focusing on a different core attribute of ERM. These seven areas are further broken down into 25 success factors and 68 competency drivers that show exactly where your ERM program is sufficient or lacking.
To date, over 1500 industry leading organizations have used the RMM to baseline their capabilities and the connection between using LogicManager and better business performance is proven statistically.
Practitioner’s Guide
The RIMS Risk Maturity Model Assessment (RMM) measures organizations on their adoption of the best practices of enterprise risk management (ERM). It identifies the areas where your organization is weakest, and the weakest links drag down overall ERM program effectiveness.
LogicManager’s ERM Practitioner’s Guide, a companion piece to the RMM, includes everything you need to educate management and implement an effective and efficient enterprise risk management program out-of-the-box. This step-by-step guide includes all of the policies, procedures, assessment criteria--and even workflows you need to address your organization's critical enterprise risk management issues.
It allows you to take advantage of learning from your most successful peers, and apply industry best-practices specifically to your own organization’s unique structure, risk culture, and strategic imperatives.