The Risk Maturity Model (RMM)

How do you build a sustainable enterprise risk management (ERM) program that provides a direct link to business value and performance? It’s all about using an ERM maturity model to benchmark your capabilities, identify where your organization is strongest, and understand weak links that inhibit further ERM performance.

To help organizations across industries achieve this goal, LogicManager authored the Risk Maturity Model (RMM) in 2005 (previously titled the RIMS Risk Maturity Model). With the help of the Risk and Insurance Management Society (RIMS), the RMM was launched as a best practice framework and free risk maturity assessment tool. Today, the RMM is housed directly within the LogicManager application and continues to help professionals and executives develop and improve sustainable enterprise risk management programs.

The online RMM Assessment allows organizations to score their programs on a five-level scale, and receive an immediate benchmarking report. The report provides information on current ERM maturity levels and offers actionable “next step” ideas for improvement. The Risk Maturity Model for ERM provides an actionable internal guide that corporations of all sizes, industries, and geographies can use to improve their risk management maturity from wherever they are in their journey today.

Take the free risk maturity assessment to discover your unique enterprise risk management maturity score. After completing the assessment, you’ll receive a personalized ERM benchmarking report that directly compares your results against the Risk Maturity Model’s umbrella framework to identify gaps and prioritize the next steps for your ERM program. This will help you develop an action plan to take your program to the next level. The assessment requires no prior experience and takes about 30 minutes to complete.

The RMM Assessment measures organizations on their adoption of enterprise risk management best practices.

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 ERM 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.

If you’re interested in receiving a copy of our ERM Practitioner’s Guide, please email info@logicmanager.com.