Do you have the right amount of risk management in the right places to efficiently, reliably and sustainably support your objectives and growth?

Enterprise Risk Management is evolving to address the needs of multiple stakeholders who demand an understanding of the broad spectrum of risks facing complex organisations to ensure they are appropriately managed.

Optimum performance is not about comply or not comply, it’s about the degree of maturity we need as business to suit our unique context.

To assist pragmatic planning, stakeholder buy-in and delivering maximum value, we use capability maturity models to measure risk practices (current state) and to clearly identify improvement targets (desired state). The benefit of using a gap analysis driven approach is narrowing the scope of activities to those vital practices that will provide the next foundational layer for improvement.

By concentrating on a focused set of practices and working aggressively to install them, businesses can steadily improve and make lasting gains in their performance and competitiveness.

Risk Maturity Diagnostic Tool

A ‘one-size-fits-all’ approach does not work when establishing and operating risk management practices. They need to be relevant to a organisation’s unique context and provide tangible value. All too often a compliance mindset drives complacency.

Blue Zoo has developed an online Risk Management Maturity intelligence and diagnostic tool, based upon our proprietary and international award winning platform, Governance Manager.  Any organisation can sign-up to access the online diagnostic tool, which automates the process to gauge whether the right risk management capabilities at the right levels are established, and that they are well adapted to the culture and nature of the risks faced.

The Risk Maturity Diagnostic Tool consists of two key aspects which are key foundations to a successful risk management program:

• Risk Management Capability Maturity Assessment. Conduct an online capability maturity baseline assessment against the international standard ISO 31000:2009, and score the current and state and target state maturity levels, and develop a Capability Improvement Plan.
• Risk Culture/Perception Survey. Conduct an online survey, to compliment and provide deeper insights informing the capability maturity improvement planning. For example, comparing senior management’s perceptions of risk effectiveness with front line personnel, or by tenure such as staff with less than 3 years experience compared to staff with more than 10 years experience.

Get everyone on the same page.

Click to enlarge example assessment

What are the benefits?

The benefits of using the Risk Maturity Diagnostic Tool are:

• Peace of Mind. Empower the Board’s crucial role in risk oversight, by ensuring risk management capabilities are at the right level, and are well adapted to the organisation’s culture and nature of the risks it faces.
• Focus Energy. By concentrating on a focused set of practices and working aggressively to install them, businesses can steadily improve and make lasting gains.
• Reduce Costs. Our approach is cost effective and provides higher quality and consistency in the outcomes compared to traditional consulting methods.
• Risk Intelligent. Create value with the right levels of risk capabilities, to manage uncertainty and gain assurances that the right practices are in place.
• Sharpen your Competitive Edge. Adopting a strategic approach to business improvement is the fastest way increase performance and to make lasting gains