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Volume 27, Issue 4

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Monday, 07 July 2014 17:16

RIMS Risk Maturity Model: Performance Management

In the study measuring effects of enterprise risk management (ERM) maturity—as  defined by the RIMS Risk Maturity Model (RMM) assessment—no attribute had a more meaningful impact on bottom line corporate value than Performance Management. The correlation is not an accident. While many organizations say they have an effective handle on risk, their ability to execute the policies and procedures they’ve put into place are severely lacking.

The sixth RMM attribute of ERM Maturity, Performance Management, measures the ability for an organization to execute vision and strategy through the effective use of a balanced scorecard.

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http://www.riskmanagementmonitor.com/rims-risk-maturity-model-performance-management/