Improve your bottom line
A study conducted by Queen’s University found that companies with a mature ERM program are proven to realize up to a 25% premium on their market value. With data like that, it’s undeniable that the work we do as risk managers is incredibly important to our organizations.
Justify investment in your program
If you’ve ever needed to pitch the importance of your ERM program to the board or other stakeholders, the RMM serves as a great tool to warrant additional spend or resources. Quantifying the areas for improvement you need to reach a respectable level of maturity can help significantly when making your case.
Learn from industry leaders
The RMM highlights industry best practices to apply to your own organization’s efforts, no matter how unique your structure, culture or strategic goals. These standards can be applied to various areas across the enterprise, and can serve as the foundation for your work for years to come.