ERM Maturity and Benchmark
Baldwin Global's ERM Maturity AssessorTM is a tool that provides a game plan for risk management program development and enhancement. It speeds up the delivery of a solid ERM framework and process and strengthens objectivity, priorities, and resource allocation. It delivers an evaluation of your organization’s enterprise risk management program. Your organization will gain a clear understanding of its ERM program status and gaps. Our methodology helps coordinate one's view of governance and compliance behaviors in the organization. It allows gain immediate quick wins and traction. Knowing where an organization stands in terms of its risk management ability is a critical first step to improving your ERM program on a go-forward basis.
An ERM Maturity Assessment gives insight to these key questions:
- How can we assess whether our organization’s approach to risk management is adequate?
- How may we compare our organization’s approach with best practices or against our peers or competitors?
- Is there an accepted benchmark for enterprise risk management?
- Where is the best place to start improving our organisation's ERM efforts?
The benefits of performing an ERM maturity assessment include:
- Building consensus as to where the organisation currently stands with its approach to ERM
- Establishing milestones, metrics, and success criteria for ERM program development or enhancements
- Leveraging best practices in the ERM profession or in the orgainsation's sector or industry
- Clearly communicating ERM status to stakeholders
- Avoiding inefficiencies and duplication of efforts
- Highlighting inadequately addressed ERM steps
- Connecting support functions with process owners
- Demonstrating ERM value and priorities
- Creating a shared language, structure, and vision
A practical and efficient method based on leading expertise and years of experience.
How We WorkConcrete examples of what we can do for your company or organization.
