Risk Maturity Surveys can help organisations understand their current level of risk management capability in a particular functional, strategic or organisational area. In addition, the setting out of different levels and descriptors of maturity can help an organisation achieve a common understanding of the type of changes that would be likely to enable it to reach a higher level of maturity over time, should it so wish.
For organisations looking to take their risk management practices to the next level—to reach beyond compliance to address the issues that can add strategic business value—there is no better time to conduct a Risk Maturity Survey. Research has shown that organisations that choose to move their risk management practices up on the Risk Maturity Curve have better opportunity to boost profitable growth and outperform their peers.