Risk Maturity

The level of development, sophistication, and effectiveness of an organization's risk management capabilities. Risk maturity models typically define stages ranging from initial/rudimentary to advanced/optimized, with each stage characterized by increasingly comprehensive risk identification, more sophisticated assessment methodologies, more effective controls, better integration with decision-making, and stronger risk cultures. In RBPM, understanding current risk maturity helps organizations develop appropriate implementation roadmaps for enhancing their integrated strategy and risk management capabilities.