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Risk Maturity Models, or RMM's, provide organizations to gain understanding of their overall Enterprise Risk Management, or ERM. Upon completing a series of indicators the
Risk Maturity Models, or RMM's, provide organizations to gain understanding of their overall Enterprise Risk Management, or ERM. Upon completing a series of indicators the facilities are able to identify how their practices align with how prepared they are for successful risk management operations. Within the RMM model, there are seven elements for assessing the overall ERM. These include Adoption of ERM-Based Process, ERM Process Management, Risk Appetite Management, Root Cause Discipline, Uncovering Risks, Performance Management, and Business Resiliency and Sustainability (The Risk Maturity Model, 2022)
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