Risk-Based Performance Management (RBPM)

An integrated framework and methodology for managing organizational performance and risk through the lens of risk appetite. RBPM embeds risk management into strategic and operational decision-making to ensure that organizations execute their strategies while "operating within appetite." The approach comprises seven disciplines: set strategy, manage performance, manage risk, align risk to strategy, governance, culture, and communication, with appetite serving as the binding element across all disciplines. RBPM helps organizations navigate "continuous turbulent times" by balancing strategic ambition with prudent risk management.